Cobblestone Capital Advisors LLC NY Sells 1,380 Shares of Halliburton Company (HAL)

Cobblestone Capital Advisors LLC NY lowered its stake in Halliburton Company (NYSE:HAL) by 15.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,741 shares of the oilfield services company’s stock after selling 1,380 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Halliburton were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HAL. Perigon Wealth Management LLC grew its stake in shares of Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank grew its stake in shares of Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares during the last quarter. Bbva Compass Bancshares Inc. grew its stake in shares of Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares during the last quarter. Independent Portfolio Consultants Inc. grew its stake in shares of Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the last quarter. Finally, Estabrook Capital Management grew its stake in shares of Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock worth $118,000 after buying an additional 1,250 shares during the last quarter. Institutional investors own 79.94% of the company’s stock.

Several analysts have commented on the company. J P Morgan Chase & Co cut their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Credit Suisse Group reiterated an “outperform” rating and set a $55.00 target price (down from $60.00) on shares of Halliburton in a research note on Tuesday, July 25th. Loop Capital reiterated a “buy” rating and set a $57.00 target price (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.55.

In other news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the sale, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Halliburton Company (NYSE HAL) traded down $0.43 during trading hours on Monday, reaching $44.58. The company’s stock had a trading volume of 4,565,200 shares, compared to its average volume of 8,806,478. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $38,900.00, a PE ratio of 61.07, a PEG ratio of 4.82 and a beta of 1.05. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period in the previous year, the firm posted $0.01 earnings per share. The business’s revenue was up 42.0% compared to the same quarter last year. research analysts forecast that Halliburton Company will post 1.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. Halliburton’s dividend payout ratio (DPR) is 300.00%.

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Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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