ABC Arbitrage SA Buys 17,534 Shares of Halliburton Company $HAL

ABC Arbitrage SA raised its position in shares of Halliburton Company (NYSE:HAL) by 70.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,582 shares of the oilfield services company’s stock after acquiring an additional 17,534 shares during the period. ABC Arbitrage SA’s holdings in Halliburton were worth $868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAL. SBI Securities Co. Ltd. increased its holdings in Halliburton by 7.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 504 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its position in Halliburton by 4.3% during the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock worth $277,000 after buying an additional 559 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Halliburton by 2.6% during the second quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock valued at $455,000 after purchasing an additional 566 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Halliburton by 0.8% during the first quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock valued at $1,815,000 after acquiring an additional 584 shares during the period. Finally, AE Wealth Management LLC grew its position in shares of Halliburton by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock worth $316,000 after buying an additional 605 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HAL. 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. Rothschild Redb raised shares of Halliburton to a “strong-buy” rating in a research note on Monday, November 3rd. Zacks Research upgraded Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company reduced their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Susquehanna lifted their target price on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $31.48.

Halliburton Stock Performance

Shares of HAL opened at $26.90 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The firm has a 50-day moving average of $24.44 and a 200-day moving average of $22.38. The company has a market cap of $22.64 billion, a PE ratio of 17.81 and a beta of 1.03. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

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.