Empowered Funds LLC Buys 36,503 Shares of Halliburton (NYSE:HAL)

Empowered Funds LLC raised its stake in shares of Halliburton (NYSE:HAL) by 16.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 257,107 shares of the oilfield services company’s stock after purchasing an additional 36,503 shares during the period. Empowered Funds LLC’s holdings in Halliburton were worth $7,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. Country Trust Bank acquired a new position in shares of Halliburton during the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC increased its position in Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after buying an additional 822 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Halliburton during the third quarter worth approximately $44,000. Crewe Advisors LLC bought a new stake in shares of Halliburton in the first quarter valued at approximately $46,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Down 1.4 %

Shares of NYSE:HAL opened at $29.69 on Friday. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The firm has a market cap of $26.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.70 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $29.14 and its two-hundred day moving average price is $32.20.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the business earned $0.79 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Halliburton will post 3.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Barclays reduced their target price on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Dbs Bank initiated coverage on Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. BMO Capital Markets decreased their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley cut their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.79.

About Halliburton

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.