Teacher Retirement System of Texas Decreases Stock Holdings in Halliburton Company $HAL

Teacher Retirement System of Texas decreased its holdings in Halliburton Company (NYSE:HAL) by 55.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,047 shares of the oilfield services company’s stock after selling 163,802 shares during the quarter. Teacher Retirement System of Texas’ holdings in Halliburton were worth $2,671,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Halliburton by 450.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after purchasing an additional 24,506,472 shares during the period. AQR Capital Management LLC grew its stake in shares of Halliburton by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock valued at $116,770,000 after purchasing an additional 3,178,746 shares during the period. Nuveen LLC bought a new stake in shares of Halliburton during the 1st quarter valued at about $72,637,000. Pzena Investment Management LLC grew its stake in shares of Halliburton by 134.7% during the 2nd quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company’s stock valued at $76,100,000 after purchasing an additional 2,142,939 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Halliburton by 292.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,807,084 shares of the oilfield services company’s stock valued at $57,208,000 after purchasing an additional 2,091,872 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.4%

Shares of NYSE:HAL opened at $26.85 on Monday. The stock has a 50 day moving average of $23.64 and a 200 day moving average of $22.05. The company has a market cap of $22.59 billion, a PE ratio of 17.78 and a beta of 1.02. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57.

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

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio is presently 45.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HAL shares. Barclays boosted their price target on Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Stifel Nicolaus set a $32.00 price target on Halliburton in a research note on Wednesday, October 22nd. The Goldman Sachs Group raised their price objective on Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Hsbc Global Res raised Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, HSBC set a $30.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $31.40.

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.