Huntington National Bank Has $938,000 Holdings in Halliburton (NYSE:HAL)

Huntington National Bank boosted its stake in Halliburton (NYSE:HAL) by 2.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,280 shares of the oilfield services company’s stock after purchasing an additional 792 shares during the quarter. Huntington National Bank’s holdings in Halliburton were worth $938,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its stake in shares of Halliburton by 8.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 132,356 shares of the oilfield services company’s stock valued at $3,845,000 after acquiring an additional 10,503 shares during the last quarter. Simmons Bank grew its holdings in Halliburton by 4.2% during the third quarter. Simmons Bank now owns 60,978 shares of the oilfield services company’s stock valued at $1,771,000 after purchasing an additional 2,438 shares during the period. Live Oak Investment Partners increased its stake in Halliburton by 9.9% in the third quarter. Live Oak Investment Partners now owns 25,925 shares of the oilfield services company’s stock valued at $753,000 after purchasing an additional 2,332 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Halliburton by 24.5% in the third quarter. Victory Capital Management Inc. now owns 947,191 shares of the oilfield services company’s stock worth $27,516,000 after purchasing an additional 186,538 shares during the period. Finally, Aptus Capital Advisors LLC boosted its position in shares of Halliburton by 58.2% during the third quarter. Aptus Capital Advisors LLC now owns 9,622 shares of the oilfield services company’s stock worth $280,000 after purchasing an additional 3,540 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of recent analyst reports. Dbs Bank initiated coverage on shares of Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price objective for the company. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a report on Friday, July 19th. Susquehanna lowered their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Halliburton in a report on Friday, November 8th. Finally, Morgan Stanley reduced their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.79.

Halliburton Trading Down 1.4 %

Shares of Halliburton stock opened at $29.69 on Friday. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The stock has a market cap of $26.08 billion, a PE ratio of 10.34, a PEG ratio of 3.70 and a beta of 1.89. The firm has a 50-day moving average of $29.12 and a 200-day moving average of $32.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21.

Halliburton (NYSE:HAL) last released 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). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. As a group, sell-side analysts forecast that Halliburton will post 3.02 EPS for the current year.

Halliburton 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.