11 Stocks on Jim Cramer’s Radar

5. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holdings: 48

Oil and gas exploration equipment provider Halliburton Company (NYSE:HAL)’s shares, like those of its peer SLB, have also performed well recently. They are up by 28.8% over the past year and by 13% year-to-date. Stifel raised the firm’s share price target to $35 from $32 and kept a Buy rating on the shares. The financial firm outlined that Halliburton Company (NYSE:HAL) was the US leader when it came to establishing new wells for production. It added that while US profitability was an important driver for the company, international activity and pricing could also generate tailwinds. Earlier in January, Susquehanna had also discussed Halliburton Company (NYSE:HAL)’s shares. The firm had raised the share price target to $36 from $29 and kept a Positive rating on the stock. It pointed out that the oil and gas equipment provider could end up benefiting from solid drilling activity in the US. Cramer also mentioned oil refining as he discussed Halliburton Company (NYSE:HAL):

“Halliburton really showed you the value of their infrastructure business. This is the refiner’s dream come true here.”