Goldstream Capital Management Ltd Invests $242,000 in Halliburton (NYSE:HAL)

Goldstream Capital Management Ltd bought a new stake in Halliburton (NYSE:HAL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,335 shares of the oilfield services company’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Country Trust Bank bought a new stake in shares of Halliburton during the third quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its holdings in Halliburton by 274.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Halliburton during the third quarter valued at approximately $44,000. Venturi Wealth Management LLC increased its holdings in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after buying an additional 393 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

NYSE HAL opened at $28.78 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The stock has a market capitalization of $25.28 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 3.78 and a beta of 1.90. The business’s fifty day moving average price is $29.87 and its 200-day moving average price is $31.67.

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

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.36%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

A number of analysts have recently issued reports on HAL shares. Raymond James dropped their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Dbs Bank initiated coverage on Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective on the stock. UBS Group decreased their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Barclays decreased their target price on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of Halliburton in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.74.

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.