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

Goldstream Capital Management Ltd lowered its stake in shares of Halliburton (NYSE:HAL) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stifel Financial Corp raised its stake in shares of Halliburton by 143.4% in the fourth 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 during the period. TD Waterhouse Canada Inc. increased its holdings in Halliburton by 73.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 538,876 shares of the oilfield services company’s stock worth $14,652,000 after acquiring an additional 227,736 shares during the last quarter. MML Investors Services LLC raised its stake in Halliburton by 15.7% in the 4th quarter. MML Investors Services LLC now owns 46,866 shares of the oilfield services company’s stock valued at $1,274,000 after acquiring an additional 6,361 shares during the period. MetLife Investment Management LLC lifted its holdings in Halliburton by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 232,573 shares of the oilfield services company’s stock valued at $6,324,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Natixis lifted its holdings in Halliburton by 46.9% during the fourth 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. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In related news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock valued at $5,321,170 over the last three months. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Benchmark lowered their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Susquehanna dropped their target price on Halliburton from $35.00 to $32.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus reduced their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Finally, Jefferies Financial Group reduced their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.95.

Halliburton Trading Up 5.0 %

NYSE HAL opened at $22.51 on Monday. The stock has a 50-day moving average of $24.26 and a 200-day moving average of $27.09. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 1-year low of $18.72 and a 1-year high of $39.37. The firm has a market cap of $19.40 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

Halliburton Announces Dividend

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

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.