Benin Management raised its position in Halliburton Company (NYSE:HAL) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The hedge fund owned 53,425 shares of the oilfield services company’s stock after buying an additional 2,400 shares during the period. Halliburton Company accounts for 1.0% of Benin Management’s investment portfolio, making the stock its 23rd largest position. Benin Management’s holdings in Halliburton Company were worth $1,819,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Creative Planning acquired a new stake in shares of Halliburton Company during the fourth quarter worth about $0. Ken Stern & Associates boosted its position in 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 in the last quarter. Raymond James Trust boosted its position in Halliburton Company by 8.8% in the fourth quarter. Raymond James Trust now owns 26,276 shares of the oilfield services company’s stock worth $894,000 after buying an additional 2,118 shares in the last quarter. Community Trust & Investment Company boosted its position in Halliburton Company by 20.8% in the fourth quarter. Community Trust & Investment Company now owns 17,407 shares of the oilfield services company’s stock worth $593,000 after buying an additional 2,995 shares in the last quarter. Finally, Quantitative Systematic Strategies boosted its position in Halliburton Company by 17.2% in the fourth quarter. Quantitative Systematic Strategies now owns 26,235 shares of the oilfield services company’s stock worth $895,000 after buying an additional 3,859 shares in the last quarter.

Halliburton Company (NYSE:HAL) traded down 3.01% during midday trading on Monday, reaching $29.28. 18,799,895 shares of the company’s stock were exchanged. Halliburton Company has a 12-month low of $27.64 and a 12-month high of $50.20. The stock has a market capitalization of $25.06 billion and a price-to-earnings ratio of 96.95. The stock’s 50-day moving average is $33.87 and its 200-day moving average is $37.76.

Halliburton Company (NYSE:HAL) last issued its earnings results on Monday, January 25th. The oilfield services company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company earned $5.08 billion during the quarter, compared to the consensus estimate of $5.11 billion. Halliburton Company’s revenue was down 42.1% on a year-over-year basis. On average, equities analysts forecast that Halliburton Company will post $1.48 earnings per share for the current year.

A number of research firms recently commented on HAL. Vetr raised Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $43.92 target price on the stock in a research note on Tuesday, October 13th. Seaport Global Securities raised Halliburton Company from an “accumulate” rating to a “buy” rating and reduced their target price for the company from $46.00 to $38.00 in a research note on Wednesday, January 13th. Global Hunter Securities reduced their target price on Halliburton Company from $50.00 to $47.00 and set an “accumulate” rating on the stock in a research note on Tuesday, September 29th. Stephens reduced their target price on Halliburton Company from $45.00 to $38.00 in a research note on Thursday. Finally, KeyBanc raised Halliburton Company from a “sector weight” rating to an “overweight” rating and increased their target price for the company from $34.48 to $40.00 in a research note on Tuesday, January 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Halliburton Company presently has an average rating of “Buy” and a consensus target price of $45.64.

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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