New York State Common Retirement Fund Has $29.74 Million Stake in Halliburton Company $HAL

New York State Common Retirement Fund grew its stake in shares of Halliburton Company (NYSE:HAL) by 3.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,459,421 shares of the oilfield services company’s stock after purchasing an additional 54,880 shares during the period. New York State Common Retirement Fund owned about 0.17% of Halliburton worth $29,743,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings in Halliburton by 7.3% during the second quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock worth $150,000 after buying an additional 504 shares in the last quarter. Cerro Pacific Wealth Advisors LLC lifted its stake in Halliburton by 4.3% during the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock valued at $277,000 after acquiring an additional 559 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Halliburton by 2.6% during the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock worth $455,000 after acquiring an additional 566 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Halliburton by 0.6% in the 2nd quarter. Yousif Capital Management LLC now owns 112,023 shares of the oilfield services company’s stock worth $2,283,000 after acquiring an additional 618 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of Halliburton by 5.9% in the second quarter. Atria Wealth Solutions Inc. now owns 11,358 shares of the oilfield services company’s stock valued at $231,000 after purchasing an additional 630 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 1.9%

NYSE:HAL opened at $26.28 on Monday. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.17. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average is $25.41 and its 200 day moving average is $22.89. The stock has a market capitalization of $22.11 billion, a PE ratio of 17.40 and a beta of 1.03.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the business posted $0.73 earnings per share. Sell-side analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.68 annualized dividend and a yield of 2.6%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

Insider Transactions at Halliburton

In other Halliburton news, insider Mark Richard sold 160,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the sale, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HAL. Rothschild & Co Redburn initiated coverage on shares of Halliburton in a report on Monday, November 3rd. They set a “buy” rating and a $35.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Zephirin Group boosted their target price on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Melius assumed coverage on Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Finally, Redburn Partners set a $35.00 price target on Halliburton in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.55.

About Halliburton

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.