Halliburton Company $HAL Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Halliburton Company (NYSE:HAL) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 776,929 shares of the oilfield services company’s stock after selling 40,912 shares during the period. New York State Teachers Retirement System’s holdings in Halliburton were worth $15,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Mutual Advisors LLC acquired a new position in shares of Halliburton in the 2nd quarter valued at $375,000. Generali Asset Management SPA SGR raised its position in Halliburton by 9.8% during the second quarter. Generali Asset Management SPA SGR now owns 214,400 shares of the oilfield services company’s stock worth $4,369,000 after acquiring an additional 19,096 shares during the period. Bayforest Capital Ltd raised its position in Halliburton by 11.8% during the second quarter. Bayforest Capital Ltd now owns 7,514 shares of the oilfield services company’s stock worth $153,000 after acquiring an additional 793 shares during the period. NorthRock Partners LLC acquired a new position in Halliburton during the second quarter worth $557,000. Finally, Atria Wealth Solutions Inc. raised its position in Halliburton by 5.9% during the second quarter. Atria Wealth Solutions Inc. now owns 11,358 shares of the oilfield services company’s stock worth $231,000 after acquiring an additional 630 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of NYSE HAL opened at $22.25 on Friday. The firm has a 50-day simple moving average of $22.63 and a 200-day simple moving average of $21.66. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.02. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. On average, equities analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton’s dividend payout ratio is currently 31.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Zephirin Group upped their price objective on shares of Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Melius Research assumed coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Barclays reduced their price objective on shares of Halliburton from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group upped their price objective on shares of Halliburton from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Halliburton from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $30.61.

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.