Optimum Investment Advisors Trims Holdings in Halliburton (HAL)

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Optimum Investment Advisors lessened its stake in shares of Halliburton (NYSE:HAL) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HAL. Bank of Montreal Can boosted its stake in Halliburton by 12.7% during the 3rd quarter. Bank of Montreal Can now owns 634,507 shares of the oilfield services company’s stock worth $25,718,000 after purchasing an additional 71,566 shares during the last quarter. MainStreet Investment Advisors LLC boosted its stake in Halliburton by 16.5% during the 3rd quarter. MainStreet Investment Advisors LLC now owns 84,343 shares of the oilfield services company’s stock worth $3,418,000 after purchasing an additional 11,957 shares during the last quarter. First Manhattan Co. boosted its stake in Halliburton by 26.6% during the 3rd quarter. First Manhattan Co. now owns 19,056 shares of the oilfield services company’s stock worth $772,000 after purchasing an additional 4,000 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Halliburton by 0.8% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 464,256 shares of the oilfield services company’s stock worth $18,900,000 after purchasing an additional 3,803 shares during the last quarter. Finally, Hills Bank & Trust Co. boosted its stake in Halliburton by 72.0% during the 3rd quarter. Hills Bank & Trust Co. now owns 14,078 shares of the oilfield services company’s stock worth $571,000 after purchasing an additional 5,893 shares during the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.

In other Halliburton news, VP Anne L. Beaty sold 7,200 shares of Halliburton stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $32.33, for a total value of $232,776.00. Following the completion of the transaction, the vice president now directly owns 62,196 shares of the company’s stock, valued at approximately $2,010,796.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Anne L. Beaty sold 2,548 shares of Halliburton stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $29.48, for a total value of $75,115.04. Following the completion of the transaction, the vice president now directly owns 56,663 shares of the company’s stock, valued at $1,670,425.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,577 shares of company stock valued at $360,700. 0.54% of the stock is currently owned by corporate insiders.

Several research firms have recently commented on HAL. Cleveland Research lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Thursday, October 18th. Bank of America began coverage on Halliburton in a report on Wednesday, October 17th. They set a “buy” rating on the stock. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a report on Friday, October 19th. UBS Group set a $50.00 price target on Halliburton and gave the stock a “buy” rating in a report 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 report on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.65.

NYSE HAL opened at $30.20 on Tuesday. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 15.89, a PEG 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 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. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.53 EPS. On average, sell-side analysts forecast that Halliburton will post 1.4 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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