Atria Investments Inc Has $955,000 Holdings in Halliburton (NYSE:HAL)

Atria Investments Inc trimmed its position in shares of Halliburton (NYSE:HAL) by 17.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,877 shares of the oilfield services company’s stock after selling 7,100 shares during the period. Atria Investments Inc’s holdings in Halliburton were worth $955,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cary Street Partners Asset Management LLC boosted its position in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after acquiring an additional 56,707 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Halliburton by 146.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after purchasing an additional 500,000 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Halliburton by 105.2% in the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after purchasing an additional 95,864 shares during the last quarter. Semanteon Capital Management LP acquired a new position in shares of Halliburton during the 3rd quarter worth $1,181,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Halliburton by 319.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock worth $1,385,000 after buying an additional 28,137 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HAL. Raymond James decreased their target price on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 8th. Susquehanna decreased their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Halliburton in a research note on Friday, November 8th. Morgan Stanley decreased their target price on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, UBS Group dropped their price target on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.79.

Halliburton Stock Down 1.4 %

Halliburton stock opened at $29.69 on Monday. The firm has a 50 day moving average price of $29.14 and a two-hundred day moving average price of $32.17. 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 has a 52-week low of $27.26 and a 52-week high of $41.56. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 3.64 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced its 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 return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the prior year, the business earned $0.79 EPS. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts predict that Halliburton will post 3.02 EPS for the current year.

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.