Edgestream Partners L.P. Decreases Position in Halliburton Company $HAL

Edgestream Partners L.P. decreased its position in shares of Halliburton Company (NYSE:HAL) by 82.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,042 shares of the oilfield services company’s stock after selling 276,911 shares during the quarter. Edgestream Partners L.P.’s holdings in Halliburton were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Stone House Investment Management LLC purchased a new stake in Halliburton during the 1st quarter valued at $30,000. Zions Bancorporation National Association UT bought a new position in shares of Halliburton during the first quarter valued at $37,000. CVA Family Office LLC boosted its position in shares of Halliburton by 94.8% during the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after buying an additional 916 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after buying an additional 993 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in Halliburton by 252.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock worth $41,000 after buying an additional 1,428 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAL. Zacks Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. Hsbc Global Res upgraded shares of Halliburton from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Stifel Nicolaus set a $32.00 target price on shares of Halliburton in a research report on Wednesday, October 22nd. Citigroup reissued a “buy” rating on shares of Halliburton in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada upgraded Halliburton from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $31.55.

Insider Buying and Selling

In other Halliburton news, insider Mark Richard sold 160,000 shares of Halliburton stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the transaction, the insider owned 452,374 shares of the company’s stock, valued at $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Halliburton Price Performance

Shares of Halliburton stock opened at $28.49 on Friday. The stock has a market cap of $23.98 billion, a P/E ratio of 18.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. The stock’s fifty day moving average is $25.73 and its 200 day moving average is $23.09. Halliburton Company has a one year low of $18.72 and a one year high of $30.40.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.