Optimum Investment Advisors Trims Holdings in Halliburton (HAL)

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Optimum Investment Advisors lowered its position in Halliburton (NYSE:HAL) by 38.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,592 shares of the oilfield services company’s stock after selling 2,900 shares during the quarter. Optimum Investment Advisors’ holdings in Halliburton were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HAL. Franklin Resources Inc. lifted its stake in Halliburton by 644.7% in the third quarter. Franklin Resources Inc. now owns 14,927,010 shares of the oilfield services company’s stock valued at $604,991,000 after buying an additional 12,922,480 shares during the last quarter. Dodge & Cox lifted its stake in Halliburton by 73,106.2% in the third quarter. Dodge & Cox now owns 6,734,967 shares of the oilfield services company’s stock valued at $272,968,000 after buying an additional 6,725,767 shares during the last quarter. Sanders Capital LLC lifted its stake in Halliburton by 24.8% in the third quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock valued at $883,006,000 after buying an additional 3,932,014 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Halliburton by 24.6% in the third quarter. Macquarie Group Ltd. now owns 18,166,419 shares of the oilfield services company’s stock valued at $736,285,000 after buying an additional 3,586,694 shares during the last quarter. Finally, Capital International Investors lifted its stake in Halliburton by 62.6% in the third quarter. Capital International Investors now owns 8,644,460 shares of the oilfield services company’s stock valued at $350,360,000 after buying an additional 3,328,011 shares during the last quarter. Institutional investors own 78.00% of the company’s stock.

NYSE:HAL opened at $30.20 on Tuesday. The firm has a market capitalization of $26.46 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.30 and a quick ratio of 1.68. Halliburton has a 1 year low of $24.70 and a 1 year high of $54.91.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. Halliburton’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Halliburton will post 1.4 EPS for the current year.

A number of equities research analysts have weighed in on HAL shares. Bank of America started coverage on Halliburton in a research note on Wednesday, October 17th. They issued a “buy” rating for the company. Cleveland Research cut Halliburton from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Morgan Stanley restated a “buy” rating on shares of Halliburton in a research note on Tuesday, October 23rd. Finally, Seaport Global Securities set a $46.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.65.

In other Halliburton news, VP Anne L. Beaty sold 1,300 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the sale, the vice president now owns 58,848 shares of the company’s stock, valued at $1,677,168. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anne L. Beaty sold 7,200 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $32.33, for a total value of $232,776.00. Following the completion of the sale, the vice president now directly owns 62,196 shares in the company, valued at approximately $2,010,796.68. The disclosure for this sale can be found here. Insiders sold 11,577 shares of company stock valued at $360,700 in the last quarter. 0.54% of the stock is currently owned by company insiders.

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About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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