Assetmark Inc. Has $1.60 Million Stake in Halliburton (NYSE:HAL)

Assetmark Inc. boosted its position in shares of Halliburton (NYSE:HAL) by 5.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,164 shares of the oilfield services company’s stock after buying an additional 2,794 shares during the quarter. Assetmark Inc.’s holdings in Halliburton were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its stake in Halliburton by 2.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares during the last quarter. Beacon Capital Management LLC lifted its position in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after buying an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its stake in shares of Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after acquiring an additional 330 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after acquiring an additional 336 shares during the last quarter. Finally, Northwest Bank & Trust Co raised its stake in Halliburton by 3.2% in the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE HAL opened at $30.13 on Friday. The firm’s 50 day simple moving average is $29.10 and its 200 day simple moving average is $32.31. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 3.70 and a beta of 1.89.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays reduced their price objective on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Morgan Stanley reduced their target price 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. Bank of America lowered their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Jefferies Financial Group reduced their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Susquehanna lowered their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.79.

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.