Huntington National Bank Decreases Holdings in Halliburton (HAL)
Huntington National Bank reduced its stake in Halliburton (NYSE:HAL) by 47.5% during the 3rd quarter, Holdings Channel reports. The firm owned 182,519 shares of the oilfield services company’s stock after selling 165,210 shares during the period. Huntington National Bank’s holdings in Halliburton were worth $7,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in HAL. Avestar Capital LLC grew its stake in shares of Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after acquiring an additional 2,180 shares in the last quarter. Sun Life Financial INC grew its stake in shares of Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after acquiring an additional 2,188 shares in the last quarter. Squar Milner Financial Services LLC acquired a new position in shares of Halliburton in the second quarter valued at about $130,000. Banco de Sabadell S.A acquired a new position in shares of Halliburton in the second quarter valued at about $136,000. Finally, Trust Co. of Vermont grew its stake in shares of Halliburton by 58.5% in the second quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock valued at $137,000 after acquiring an additional 1,116 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.
HAL has been the topic of several research reports. Citigroup decreased their price target on shares of Halliburton from $61.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 26th. Wells Fargo & Co restated a “buy” rating on shares of Halliburton in a research note on Friday, June 29th. ValuEngine downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Jefferies Financial Group set a $52.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $53.56.
HAL stock opened at $37.54 on Friday. The stock has a market capitalization of $33.44 billion, a PE ratio of 30.77, a P/E/G ratio of 0.92 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72. Halliburton has a 12 month low of $35.75 and a 12 month high of $57.86.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.12 billion. Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. As a group, analysts anticipate that Halliburton will post 1.97 EPS for the current year.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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