Country Trust Bank cut its stake in shares of Halliburton Company (NYSE:HAL) by 27.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The hedge fund owned 509,381 shares of the oilfield services company’s stock after selling 188,239 shares during the period. Country Trust Bank owned approximately 0.06% of Halliburton Company worth $17,339,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HAL. Creative Planning acquired a new stake in shares of Halliburton Company during the fourth quarter valued at $0. Ken Stern & Associates increased its stake in shares of Halliburton Company by 19.5% in the third quarter. Ken Stern & Associates now owns 6,341 shares of the oilfield services company’s stock worth $224,000 after buying an additional 1,035 shares during the last quarter. Palo Capital purchased a new stake in shares of Halliburton Company during the third quarter worth approximately $337,000. Proficio Capital Partners purchased a new stake in shares of Halliburton Company during the fourth quarter worth approximately $441,000. Finally, Hollencrest Securities purchased a new stake in shares of Halliburton Company during the fourth quarter worth approximately $460,000.

Shares of Halliburton Company (NYSE:HAL) traded up 0.17% during midday trading on Wednesday, hitting $28.99. 13,904,568 shares of the company were exchanged. The stock’s 50-day moving average is $33.38 and its 200-day moving average is $37.53. The stock’s market cap is $24.82 billion. Halliburton Company has a one year low of $27.64 and a one year high of $50.20.

Halliburton Company (NYSE:HAL) last posted its earnings results on Monday, January 25th. The oilfield services company reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. During the same period in the prior year, the firm earned $1.19 earnings per share. The business earned $5.08 billion during the quarter, compared to the consensus estimate of $5.11 billion. The business’s revenue was down 42.1% on a year-over-year basis. Equities research analysts anticipate that Halliburton Company will post $0.80 EPS for the current year.

A number of brokerages recently commented on HAL. Stephens raised their price objective on shares of Halliburton Company from $48.00 to $51.00 in a research report on Monday, November 2nd. Howard Weil reduced their price objective on shares of Halliburton Company from $45.00 to $37.00 and set a “sector perform” rating for the company in a research report on Wednesday. Scotiabank restated a “sector perform” rating and issued a $37.00 price objective (down previously from $45.00) on shares of Halliburton Company in a research report on Wednesday. HSBC downgraded shares of Halliburton Company from a “buy” rating to a “hold” rating and reduced their price objective for the company from $42.28 to $29.28 in a research report on Tuesday. Finally, Oppenheimer reduced their price objective on shares of Halliburton Company from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.59.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. Production Enhancement services include stimulation services and sand control services. The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.

12 Month Chart for NYSE:HAL

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