Halliburton (NYSE:HAL) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in Halliburton (NYSE:HAL) by 22.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,520,383 shares of the oilfield services company’s stock after purchasing an additional 995,649 shares during the quarter. Thrivent Financial for Lutherans owned about 0.63% of Halliburton worth $160,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Country Trust Bank acquired a new stake in shares of Halliburton in the 3rd quarter worth $36,000. Bruce G. Allen Investments LLC grew its holdings in shares of Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares during the period. ORG Wealth Partners LLC acquired a new stake in Halliburton during the third quarter worth about $44,000. Crewe Advisors LLC purchased a new position in Halliburton during the first quarter worth about $46,000. Finally, Venturi Wealth Management LLC boosted its holdings in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HAL shares. Dbs Bank started coverage on shares of Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price target for the company. Bank of America cut their target price on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Stifel Nicolaus decreased their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company cut their price objective on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Finally, Piper Sandler decreased their target price on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.79.

Halliburton Price Performance

Shares of NYSE HAL opened at $29.69 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The company has a market cap of $26.08 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89. The stock’s 50-day moving average is $29.14 and its two-hundred day moving average is $32.20. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56.

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