Halliburton Company $HAL Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC grew its holdings in shares of Halliburton Company (NYSE:HAL) by 56.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,076 shares of the oilfield services company’s stock after purchasing an additional 9,785 shares during the quarter. Penserra Capital Management LLC’s holdings in Halliburton were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stone House Investment Management LLC acquired a new stake in Halliburton in the 1st quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new position in Halliburton during the 1st quarter worth $37,000. CVA Family Office LLC increased its holdings in shares of Halliburton by 94.8% during the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 916 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in shares of Halliburton by 109.5% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after purchasing an additional 993 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Halliburton by 252.3% in the second quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock worth $41,000 after purchasing an additional 1,428 shares during the period. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $28.07 on Wednesday. The company has a market capitalization of $23.62 billion, a PE ratio of 18.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. The stock has a fifty day moving average of $24.33 and a 200-day moving average of $22.34. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. Halliburton’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on HAL shares. Royal Bank Of Canada raised shares of Halliburton from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 22nd. Redburn Partners set a $35.00 price objective on shares of Halliburton in a research note on Monday, November 3rd. Melius Research began coverage on Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Barclays increased their price target on Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Finally, Zephirin Group lifted their price target on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.48.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.