Goldstream Capital Management Ltd Sells 5,109 Shares of Halliburton (NYSE:HAL)

Goldstream Capital Management Ltd decreased its holdings in shares of Halliburton (NYSE:HAL) by 61.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,226 shares of the oilfield services company’s stock after selling 5,109 shares during the period. Goldstream Capital Management Ltd’s holdings in Halliburton were worth $88,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp increased its position in Halliburton by 143.4% during the 4th quarter. Stifel Financial Corp now owns 543,670 shares of the oilfield services company’s stock valued at $14,782,000 after buying an additional 320,336 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Halliburton by 73.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 538,876 shares of the oilfield services company’s stock valued at $14,652,000 after acquiring an additional 227,736 shares in the last quarter. MML Investors Services LLC raised its position in shares of Halliburton by 15.7% in the 4th quarter. MML Investors Services LLC now owns 46,866 shares of the oilfield services company’s stock worth $1,274,000 after purchasing an additional 6,361 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Halliburton by 1.3% in the 4th quarter. MetLife Investment Management LLC now owns 232,573 shares of the oilfield services company’s stock worth $6,324,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Natixis grew its position in Halliburton by 46.9% during the 4th quarter. Natixis now owns 564,972 shares of the oilfield services company’s stock valued at $15,362,000 after purchasing an additional 180,293 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Up 5.0 %

Shares of HAL stock opened at $22.51 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a one year low of $18.72 and a one year high of $39.37. The company’s fifty day moving average price is $24.26 and its 200-day moving average price is $27.09. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 3.79 and a beta of 1.45.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HAL shares. Barclays dropped their target price on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, March 31st. Susquehanna reduced their target price on Halliburton from $35.00 to $32.00 and set a “positive” rating for the company in a report on Monday, April 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Stifel Nicolaus reduced their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.95.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Halliburton Company Profile

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.