Edgestream Partners L.P. Boosts Stock Holdings in Halliburton Company (NYSE:HAL)

Edgestream Partners L.P. boosted its stake in Halliburton Company (NYSE:HAL - Free Report) by 2,839.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 334,953 shares of the oilfield services company's stock after purchasing an additional 323,556 shares during the quarter. Edgestream Partners L.P.'s holdings in Halliburton were worth $8,498,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HAL. Proficio Capital Partners LLC acquired a new stake in Halliburton in the fourth quarter worth $4,084,000. Independent Advisor Alliance grew its holdings in Halliburton by 29.0% in the fourth quarter. Independent Advisor Alliance now owns 10,625 shares of the oilfield services company's stock worth $289,000 after purchasing an additional 2,390 shares during the period. HighTower Advisors LLC grew its holdings in Halliburton by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 680,693 shares of the oilfield services company's stock worth $18,508,000 after purchasing an additional 8,751 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Halliburton by 84.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,937 shares of the oilfield services company's stock worth $7,747,000 after purchasing an additional 130,651 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Halliburton by 8.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 166,130 shares of the oilfield services company's stock valued at $4,517,000 after buying an additional 13,537 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Citigroup dropped their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company raised their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Finally, Morgan Stanley dropped their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Seven equities research 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 company has an average rating of "Moderate Buy" and a consensus price target of $33.53.

Halliburton Stock Performance

NYSE HAL traded down $0.28 during trading hours on Tuesday, reaching $21.75. 4,047,080 shares of the company were exchanged, compared to its average volume of 11,568,086. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $37.08. The business's 50 day simple moving average is $21.03 and its 200-day simple moving average is $23.54. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $18.69 billion, a P/E ratio of 9.08, a P/E/G ratio of 3.64 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. On average, equities research analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.13%. Halliburton's payout ratio is 28.45%.

Halliburton 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.