The recent reports spotlight an increased interest in
Halliburton (HAL) from numerous institutions such as
American Century Companies Inc,
WINTON GROUP Ltd and
Vanguard Group Inc. These actions highlight the stock's potential as a solid investment, despite market volatility. However, the company still sees a fluctuation in holdings with other institutions like
Prudential Financial Inc. and
Lee Danner & Bass Inc. selling their shares. Analysts from
Jefferies have expressed a buy opinion, whilst others including
Jim Cramer have highlighted the value in the stock due to foreseeable market conditions. With 87% institutional ownership, Halliburton remains a favorite amongst major investors. The company's Q3 and Q4 earnings revealed a mixed performance, with potential headwinds from a turbulent energy market and cybersecurity impact. Despite these challenges, the stock presents a 10% upside potential and continues to be seen as a value play. On the downside, the company's stock has also been underperforming the Dow and has registered a bigger fall than the market recently.
Halliburton Company HAL News Analytics from Wed, 03 Jul 2024 07:00:00 GMT to Sat, 29 Mar 2025 10:09:37 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -6
