Teachers Retirement System of The State of Kentucky Decreases Holdings in Halliburton (NYSE:HAL)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Halliburton (NYSE:HAL) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,995 shares of the oilfield services company’s stock after selling 2,126 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Halliburton were worth $2,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after purchasing an additional 295 shares during the period. Massachusetts Wealth Management boosted its holdings in Halliburton by 1.7% in the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock valued at $722,000 after purchasing an additional 300 shares in the last quarter. Beacon Capital Management LLC raised its stake in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after buying an additional 309 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after buying an additional 330 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of Halliburton by 2.9% in the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after buying an additional 336 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Up 1.2 %

NYSE:HAL opened at $31.09 on Friday. The company has a market cap of $27.52 billion, a PE ratio of 10.76, a P/E/G ratio of 1.02 and a beta of 1.89. The business’s 50 day moving average is $30.46 and its two-hundred day moving average is $34.35. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 52 week low of $27.52 and a 52 week high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, analysts predict that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is currently 23.53%.

Insider Buying and Selling at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on HAL. Benchmark reiterated a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. Morgan Stanley reduced their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Evercore ISI dropped their price target on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.56.

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.