Cetera Investment Advisers Has $3.48 Million Stock Holdings in Halliburton (NYSE:HAL)

Cetera Investment Advisers lifted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 26.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,118 shares of the oilfield services company's stock after acquiring an additional 26,939 shares during the quarter. Cetera Investment Advisers' holdings in Halliburton were worth $3,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blume Capital Management Inc. increased its position in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Halliburton by 3.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock worth $347,000 after acquiring an additional 453 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Halliburton by 0.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock valued at $2,302,000 after acquiring an additional 484 shares in the last quarter. UMB Bank n.a. increased its holdings in Halliburton by 14.3% during the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock worth $110,000 after purchasing an additional 505 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of Halliburton by 1.2% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock valued at $1,161,000 after buying an additional 505 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Down 1.0%

Shares of NYSE:HAL traded down $0.21 during trading on Wednesday, reaching $20.28. 1,958,315 shares of the stock were exchanged, compared to its average volume of 10,494,575. Halliburton has a 12-month low of $18.72 and a 12-month high of $38.35. The firm's 50-day moving average price is $22.05 and its 200 day moving average price is $25.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, sell-side analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This trade represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eric Carre sold 51,179 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,177,525. The trade was a 28.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock worth $1,631,457 in the last three months. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HAL. Benchmark cut their price target on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their target price on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays lowered their price target on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.53.

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.