Halliburton Company (HAL) Stake Lowered by Cetera Investment Advisers
Cetera Investment Advisers trimmed its position in shares of Halliburton Company (NYSE:HAL) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,821 shares of the oilfield services company’s stock after selling 1,328 shares during the period. Cetera Investment Advisers’ holdings in Halliburton were worth $405,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bbva Compass Bancshares Inc. increased its stake in Halliburton by 5.0% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares during the period. Estabrook Capital Management increased its stake in Halliburton by 82.8% during the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after acquiring an additional 1,250 shares during the period. YorkBridge Wealth Partners LLC increased its stake in Halliburton by 243.3% during the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after acquiring an additional 2,243 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Halliburton during the third quarter valued at about $184,000. Finally, Bronfman E.L. Rothschild L.P. increased its stake in Halliburton by 4.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock valued at $182,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the transaction, the chairman now owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the transaction, the executive vice president now directly owns 180,646 shares in the company, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. Insiders sold a total of 88,585 shares of company stock worth $3,858,920 over the last three months. 0.46% of the stock is owned by company insiders.
Halliburton Company (NYSE HAL) opened at $44.41 on Friday. The company has a market capitalization of $39,054.93, a P/E ratio of 61.31, a PEG ratio of 4.83 and a beta of 1.03. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. Halliburton’s revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. research analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, December 6th. Halliburton’s payout ratio is currently 300.01%.
Several equities analysts recently issued reports on HAL shares. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a research note on Monday, October 30th. FBR & Co lowered their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. TheStreet upgraded Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Deutsche Bank assumed coverage on Halliburton in a report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Cowen set a $50.00 price objective on Halliburton and gave the company a “hold” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $57.51.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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