Halliburton (NYSE:HAL) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in shares of Halliburton (NYSE:HAL) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,954 shares of the oilfield services company’s stock after acquiring an additional 1,658 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Halliburton were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAL. Geode Capital Management LLC raised its stake in shares of Halliburton by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock worth $597,234,000 after buying an additional 172,505 shares in the last quarter. MidWestOne Financial Group Inc. raised its position in Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after acquiring an additional 359 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the last quarter. LRI Investments LLC boosted its position in shares of Halliburton by 3,030.7% during the 3rd quarter. LRI Investments LLC now owns 14,683 shares of the oilfield services company’s stock valued at $427,000 after purchasing an additional 14,214 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Halliburton by 6.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 273,119 shares of the oilfield services company’s stock worth $7,934,000 after purchasing an additional 15,849 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $28.68 on Friday. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 3.61 and a beta of 1.90. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $29.75 and a 200 day simple moving average of $31.31.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts predict that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. Halliburton’s dividend payout ratio (DPR) is 23.69%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. The Goldman Sachs Group reduced their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America cut their target price on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Halliburton in a research report on Friday, November 8th. Finally, Stifel Nicolaus cut their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.58.

Halliburton 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.