5 Energy Stocks to Buy Today According to Richard S. Pzena’s Hedge Fund

3. Halliburton Company (NYSE:HAL)

Pzena Investment Management’s Stake Value: $883 million

Percentage of Pzena Investment Management’s 13F Portfolio: 3.32%

Number of Hedge Fund Holders: 44

Halliburton Company (NYSE:HAL) is an American firm that provides oil exploration companies with equipment and services. These allow the firms to improve their operations, conduct surveying through advanced tools such as artificial intelligence, and utilize equipment such as downhole tools and hydraulic workover units.

Mr. Pzena’s investment firm owned 38 million Halliburton Company (NYSE:HAL) shares by the end of the fourth quarter of last year. These translated into an $883 million stake and represented 3.32% of its investment portfolio. Insider Monkey’s research covering 942 hedge funds for the same time period revealed that 44 had also owned a stake in the energy company.

For its fiscal Q4 Halliburton Company (NYSE:HAL) surpassed analyst expectations and posted $4.2 billion in revenue and $0.02 in non-GAAP EPS, beating estimates for both. RBC Capital raised its price target to $34 from $32 in January 2022, highlighting that strong quarterly performance and a dividend increase indicated management confidence.

Halliburton Company (NYSE:HAL) largest investor after Pzena Investment Management is Natixis Global Asset Management’s Harris Associates. It owns 9.9 million shares that are worth $226 million.