HAL

Can Market Sentiment Sustain HAL's Price Surge Today?

Halliburton Company stock is trading -20.61% below its average target price of $45.21 after marking a 3.5% during today's evening session. Analysts are giving the large-cap Oil & Gas Equipment & Services company an average rating of buy and target prices ranging from $29.63 to $51.86 per share.

Halliburton Company's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.9%. The stock's short ratio is 2.56. The company's insiders own 0.32% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 86.2%. In conclusion, we believe there is positive market sentiment regarding Halliburton Company.

Institutions Invested in Halliburton Company

Date Reported Holder Percentage Shares Value
2023-09-30 Capital World Investors 14% 121,071,357 $4,345,250,928
2023-09-30 Vanguard Group Inc 11% 98,210,788 $3,524,785,121
2023-09-30 Blackrock Inc. 8% 71,937,078 $2,581,821,685
2023-09-30 State Street Corporation 6% 57,580,070 $2,066,548,677
2023-09-30 Price (T.Rowe) Associates Inc 4% 36,191,409 $1,298,909,646
2023-09-30 Sanders Capital, LLC 3% 22,756,690 $816,737,590
2023-09-30 Boston Partners 2% 21,650,224 $777,026,526
2023-09-30 Geode Capital Management, LLC 2% 19,363,610 $694,959,951
2023-09-30 FMR, LLC 2% 17,641,478 $633,152,634
2023-09-30 Barrow, Hanley Mewhinney & Strauss, LLC 2% 15,757,695 $565,543,663
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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