5 Best Long Term Growth Stocks To Invest In

2. Halliburton Company (NYSE:HAL)

Number of Hedge Fund Holders: 43

Halliburton Company (NYSE:HAL) is an oil and gas equipment and services company offering products and services in the energy sector across the globe. The company operates through its Completion and Production, and Drilling and Evaluation segments. It is based in Houston, Texas.

On October 19, Lloyd Byrne at Jefferies initiated coverage of Halliburton Company (NYSE:HAL) shares with a Buy rating. The analyst also placed a $40 price target on the stock.

This September, Citigroup picked its best Buy and Sell stocks in all sectors based on quality and momentum. In the energy sector, Halliburton Company (NYSE:HAL) was named as one of the top Buys. In October, Halliburton Company (NYSE:HAL) was also one of the most notable gainers in the market, rising by 3.8% on October 19 in light of crude oil prices being on the rise.

Our hedge fund data shows 43 funds long Halliburton Company (NYSE:HAL) in the second quarter, with a total stake value of $1.3 billion.