Halliburton (NYSE:HAL) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in Halliburton (NYSE:HAL) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 947,990 shares of the oilfield services company’s stock after buying an additional 2,217 shares during the period. New York State Teachers Retirement System’s holdings in Halliburton were worth $27,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after acquiring an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares during the period. LSV Asset Management raised its stake in shares of Halliburton by 24,954.1% in the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after purchasing an additional 2,720,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after purchasing an additional 2,618,740 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on HAL shares. Dbs Bank assumed coverage on shares of Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Jefferies Financial Group decreased their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. BMO Capital Markets cut their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Morgan Stanley decreased their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Susquehanna dropped their target price on Halliburton from $46.00 to $42.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.74.

Halliburton Stock Up 0.2 %

Shares of NYSE HAL opened at $27.74 on Friday. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88. The company’s 50-day simple moving average is $29.40 and its 200-day simple moving average is $32.94. 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 $27.26 and a 52-week high of $41.56.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.45%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

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.