Halliburton Company $HAL Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Halliburton Company (NYSE:HAL) by 29.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,036 shares of the oilfield services company’s stock after acquiring an additional 38,932 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Halliburton were worth $3,481,000 as of its most recent SEC filing.

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

Halliburton Stock Performance

Shares of Halliburton stock opened at $27.30 on Friday. The firm has a market cap of $22.97 billion, a PE ratio of 18.08 and a beta of 1.03. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The firm’s 50-day simple moving average is $24.64 and its 200-day simple moving average is $22.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

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

Insider Buying and Selling at Halliburton

In related news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the sale, the insider directly owned 452,374 shares of the company’s stock, valued at approximately $12,562,425.98. This represents a 26.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HAL. Susquehanna upped their target price on Halliburton from $27.00 to $29.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus set a $32.00 price objective on shares of Halliburton in a research report on Wednesday, October 22nd. Rothschild & Co Redburn initiated coverage on shares of Halliburton in a research report on Monday, November 3rd. They set a “buy” rating and a $35.00 target price on the stock. Melius started coverage on shares of Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price for the company. Finally, UBS Group lifted their price target on shares of Halliburton from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $31.45.

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.