Halliburton (NYSE:HAL) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in Halliburton (NYSE:HAL) by 6.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,345 shares of the oilfield services company’s stock after selling 4,650 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Halliburton were worth $1,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Country Trust Bank purchased a new stake in shares of Halliburton in the third quarter valued at approximately $36,000. Continuum Advisory LLC grew its stake in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the period. ORG Wealth Partners LLC purchased a new stake in Halliburton in the 3rd quarter worth $44,000. Mattson Financial Services LLC acquired a new position in Halliburton during the second quarter worth $54,000. Finally, Venturi Wealth Management LLC lifted its holdings in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on HAL shares. Dbs Bank began coverage on shares of Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price for the company. Susquehanna lowered their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Halliburton in a report on Friday, November 8th. Royal Bank of Canada lowered Halliburton from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. Finally, BMO Capital Markets dropped their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $40.58.

Halliburton Trading Down 2.8 %

HAL opened at $27.89 on Tuesday. The stock has a market capitalization of $24.50 billion, a PE ratio of 9.72, a P/E/G ratio of 3.61 and a beta of 1.90. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The business’s 50 day moving average price is $29.69 and its 200 day moving average price is $31.22.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. As a group, equities research analysts expect that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.