Employees Retirement System of Texas lowered its position in Halliburton Company (NYSE:HAL) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,000 shares of the oilfield services company’s stock after selling 3,000 shares during the period. Employees Retirement System of Texas’ holdings in Halliburton were worth $13,048,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in HAL. Calton & Associates Inc. acquired a new stake in Halliburton in the fourth quarter valued at about $128,000. Cerebellum GP LLC acquired a new stake in Halliburton in the fourth quarter valued at about $131,000. YorkBridge Wealth Partners LLC lifted its position in Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after purchasing an additional 2,243 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Halliburton in the third quarter valued at about $184,000. Finally, Nicolet Bankshares Inc. acquired a new stake in Halliburton in the fourth quarter valued at about $193,000. Hedge funds and other institutional investors own 80.61% of the company’s stock.
In related news, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,507 shares of company stock valued at $8,380,429. Corporate insiders own 0.47% of the company’s stock.
A number of equities research analysts recently commented on the stock. BMO Capital Markets set a $63.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Loop Capital reaffirmed a “buy” rating and issued a $57.00 target price (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 target price on shares of Halliburton in a report on Wednesday, October 25th. Citigroup dropped their target price on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Finally, Cowen reaffirmed a “market perform” rating and issued a $50.00 target price on shares of Halliburton in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and an average target price of $59.73.
Halliburton Company (NYSE:HAL) opened at $47.50 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $57.86. The firm has a market cap of $41,558.22, a P/E ratio of -89.62, a PEG ratio of 2.27 and a beta of 0.97.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same period last year, the company posted $0.04 EPS. The company’s revenue was up 47.7% on a year-over-year basis. research analysts predict that Halliburton Company will post 2.61 earnings per share for the current year.
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Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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