New York State Common Retirement Fund Trims Stock Position in Halliburton (NYSE:HAL)

New York State Common Retirement Fund lowered its position in shares of Halliburton (NYSE:HAL) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,934,269 shares of the oilfield services company’s stock after selling 88,625 shares during the period. New York State Common Retirement Fund owned 0.22% of Halliburton worth $69,924,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC lifted its position in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 719 shares during the last quarter. Ogorek Anthony Joseph NY ADV lifted its holdings in shares of Halliburton by 1,134.6% in the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock worth $40,000 after acquiring an additional 919 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $36,000. Criterion Capital Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $37,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HAL shares. Royal Bank of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. TD Cowen upped their price target on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley upped their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday. Finally, Raymond James lowered their price target on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Buy” and an average target price of $48.81.

Halliburton Stock Down 0.4 %

Shares of Halliburton stock opened at $38.58 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $37.66 and its two-hundred day simple moving average is $37.39. The company has a market cap of $34.20 billion, a P/E ratio of 13.17, a PEG ratio of 0.99 and a beta of 2.00. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. Research analysts anticipate that Halliburton will post 3.42 EPS for the current year.

Insider Buying and Selling at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

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.