Kentucky Retirement Systems Has $2.25 Million Holdings in Halliburton (NYSE:HAL)

Kentucky Retirement Systems decreased its stake in shares of Halliburton (NYSE:HAL) by 1.3% in the 2nd quarter, Holdings Channel reports. The fund owned 66,713 shares of the oilfield services company’s stock after selling 884 shares during the quarter. Kentucky Retirement Systems’ holdings in Halliburton were worth $2,254,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Rise Advisors LLC bought a new position in Halliburton during the 1st quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in shares of Halliburton in the fourth quarter valued at about $33,000. Bruce G. Allen Investments LLC boosted its position in shares of Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after buying an additional 822 shares during the period. Assetmark Inc. grew its holdings in shares of Halliburton by 286.2% during the fourth quarter. Assetmark Inc. now owns 1,201 shares of the oilfield services company’s stock worth $43,000 after buying an additional 890 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Halliburton in the 1st quarter valued at approximately $46,000. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAL. UBS Group decreased their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley decreased their target price on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Jefferies Financial Group cut their price target on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. Finally, Susquehanna dropped their target price on Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a report on Monday, July 22nd. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $43.17.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction 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 approximately $10,066,119. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Halliburton Trading Down 0.2 %

HAL stock opened at $29.47 on Friday. Halliburton has a one year low of $27.52 and a one year high of $43.85. The stock has a market cap of $26.09 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. The company has a fifty day moving average price of $31.48 and a two-hundred day moving average price of $34.84. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting the consensus estimate 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%. Halliburton’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. Equities analysts anticipate that Halliburton will post 3.14 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.

Halliburton 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.