Wealthstreet Investment Advisors LLC Sells 3,446 Shares of Halliburton (NYSE:HAL)

Wealthstreet Investment Advisors LLC trimmed its stake in shares of Halliburton (NYSE:HAL) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,079 shares of the oilfield services company’s stock after selling 3,446 shares during the period. Wealthstreet Investment Advisors LLC’s holdings in Halliburton were worth $845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAL. Franklin Resources Inc. raised its position in Halliburton by 644.7% during 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 period. Dodge & Cox increased its position in Halliburton by 73,106.2% in the 3rd quarter. Dodge & Cox now owns 6,734,967 shares of the oilfield services company’s stock worth $272,968,000 after purchasing an additional 6,725,767 shares during the last quarter. Sanders Capital LLC increased its position in Halliburton by 24.8% in the 3rd quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock worth $883,006,000 after purchasing an additional 3,932,014 shares during the last quarter. Macquarie Group Ltd. increased its position in Halliburton by 24.6% in the 3rd quarter. Macquarie Group Ltd. now owns 18,166,419 shares of the oilfield services company’s stock worth $736,285,000 after purchasing an additional 3,586,694 shares during the last quarter. Finally, Capital International Investors increased its position in Halliburton by 62.6% in the 3rd quarter. Capital International Investors now owns 8,644,460 shares of the oilfield services company’s stock worth $350,360,000 after purchasing an additional 3,328,011 shares during the last quarter. 78.00% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:HAL opened at $31.40 on Thursday. Halliburton has a twelve month low of $24.70 and a twelve month high of $54.91. The company has a market cap of $26.46 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a quick ratio of 1.68, a current ratio of 2.30 and a debt-to-equity ratio of 1.09.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Halliburton will post 1.4 earnings per share for the current fiscal year.

HAL has been the topic of several research reports. Cowen raised Halliburton from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $45.00 to $35.00 in a research report on Thursday, January 17th. UBS Group set a $42.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Thursday, December 20th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Halliburton in a research report on Sunday, January 6th. Seaport Global Securities set a $46.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Finally, Macquarie set a $40.00 target price on Halliburton and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.65.

In other Halliburton news, VP Anne L. Beaty sold 1,300 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 58,848 shares in the company, valued at approximately $1,677,168. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anne L. Beaty sold 2,548 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total value of $75,115.04. Following the completion of the sale, the vice president now owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The disclosure for this sale can be found here. Insiders sold a total of 11,577 shares of company stock valued at $360,700 in the last quarter. Corporate insiders own 0.54% of the company’s stock.

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Halliburton Profile

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.

Featured Article: Cash Flow

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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