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

California State Teachers Retirement System lifted its holdings in shares of Halliburton (NYSE:HAL – Get Rating) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,725,687 shares of the oilfield services company’s stock after acquiring an additional 1,720 shares during the period. California State Teachers Retirement System’s holdings in Halliburton were worth $42,486,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. National Pension Service boosted its holdings in shares of Halliburton by 6.6% during the third quarter. National Pension Service now owns 1,158,269 shares of the oilfield services company’s stock worth $28,540,000 after purchasing an additional 71,916 shares during the last quarter. Warther Private Wealth LLC purchased a new position in shares of Halliburton in the 3rd quarter worth $919,000. Glenmede Trust Co. NA raised its position in shares of Halliburton by 5.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 46,315 shares of the oilfield services company’s stock worth $1,139,000 after buying an additional 2,439 shares during the period. Captrust Financial Advisors raised its position in shares of Halliburton by 49.3% in the 3rd quarter. Captrust Financial Advisors now owns 126,888 shares of the oilfield services company’s stock worth $3,124,000 after buying an additional 41,884 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Halliburton by 5.5% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 32,502 shares of the oilfield services company’s stock worth $800,000 after buying an additional 1,686 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Halliburton Stock Down 3.4 %

Shares of NYSE HAL opened at $29.95 on Friday. Halliburton has a 1 year low of $23.30 and a 1 year high of $43.99. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.25 and a beta of 2.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.50 and a current ratio of 2.05. The stock’s 50-day simple moving average is $38.24 and its 200-day simple moving average is $35.28.

Halliburton (NYSE:HAL – Get Rating) last announced its earnings results on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.59 billion. Halliburton had a return on equity of 26.25% and a net margin of 7.74%. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, equities analysts anticipate that Halliburton will post 3.09 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.14%. This is an increase from Halliburton’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, February 28th. Halliburton’s dividend payout ratio (DPR) is 36.99%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 2,769 shares of Halliburton stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $38.79, for a total value of $107,409.51. Following the completion of the transaction, the director now directly owns 11,856 shares in the company, valued at $459,894.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Halliburton news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $42.60, for a total value of $182,967.00. Following the completion of the transaction, the executive vice president now directly owns 245,731 shares in the company, valued at $10,468,140.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 2,769 shares of Halliburton stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $38.79, for a total value of $107,409.51. Following the completion of the transaction, the director now owns 11,856 shares of the company’s stock, valued at $459,894.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,878 shares of company stock worth $1,763,947. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HAL. HSBC increased their target price on Halliburton from $43.90 to $57.00 and gave the stock a “buy” rating in a research report on Monday, January 30th. Barclays increased their target price on Halliburton from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 25th. Raymond James began coverage on Halliburton in a research report on Friday, December 9th. They issued a “strong-buy” rating and a $53.00 target price on the stock. Piper Sandler raised their price objective on Halliburton from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, November 18th. Finally, StockNews.com began coverage on Halliburton in a research report on Thursday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $48.67.

About Halliburton

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.