Halliburton (NYSE:HAL) Holdings Cut by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its holdings in Halliburton (NYSE:HAL) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,936 shares of the oilfield services company’s stock after selling 8,622 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Halliburton were worth $5,043,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 3.5% during the fourth quarter. Pacer Advisors Inc. now owns 59,266 shares of the oilfield services company’s stock valued at $2,142,000 after buying an additional 2,010 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $206,000. Pinnacle Associates Ltd. raised its holdings in shares of Halliburton by 26.6% during the fourth quarter. Pinnacle Associates Ltd. now owns 7,164 shares of the oilfield services company’s stock valued at $259,000 after buying an additional 1,505 shares during the last quarter. Chatham Capital Group Inc. raised its holdings in shares of Halliburton by 13.7% during the fourth quarter. Chatham Capital Group Inc. now owns 23,390 shares of the oilfield services company’s stock valued at $846,000 after buying an additional 2,815 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Halliburton by 13.2% during the fourth quarter. Fifth Third Bancorp now owns 52,297 shares of the oilfield services company’s stock worth $1,891,000 after purchasing an additional 6,081 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group boosted their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Benchmark reissued a “buy” rating and set a $42.00 target price on shares of Halliburton in a report on Monday, July 22nd. Piper Sandler dropped their target price on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Barclays decreased their price target on shares of Halliburton from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group decreased 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. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.35.

Insider Buying and Selling at Halliburton

In other news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,287 shares of company stock valued at $2,298,204. Corporate insiders own 0.61% of the company’s stock.

Halliburton Trading Down 1.5 %

NYSE HAL traded down $0.50 during trading hours on Monday, hitting $33.90. The company’s stock had a trading volume of 2,803,371 shares, compared to its average volume of 7,510,846. The stock has a fifty day moving average of $34.46 and a 200 day moving average of $36.07. Halliburton has a twelve month low of $32.60 and a twelve month high of $43.85. The firm has a market capitalization of $30.01 billion, a P/E ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.93. 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 (NYSE:HAL) last issued its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.95 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Halliburton will post 3.2 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s payout ratio is presently 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.