Halliburton Company (NYSE:HAL) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of Halliburton Company (NYSE:HAL) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 67,710 shares of the oilfield services company’s stock after purchasing an additional 2,388 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Halliburton were worth $1,718,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in shares of Halliburton during the 4th quarter valued at $28,000. Hexagon Capital Partners LLC boosted its stake in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 656 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Halliburton during the 4th quarter worth $39,000. Versant Capital Management Inc boosted its stake in shares of Halliburton by 830.5% during the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock worth $52,000 after acquiring an additional 1,827 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Halliburton during the 1st quarter worth $57,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

HAL opened at $22.45 on Friday. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $34.97. The stock has a fifty day moving average price of $21.20 and a 200 day moving average price of $23.27. The company has a current ratio of 2.00, a quick ratio of 1.46 and a debt-to-equity ratio of 0.68. The stock has a market cap of $19.30 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 3.67 and a beta of 1.13.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. Analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Wednesday, June 4th. Halliburton’s dividend payout ratio is 28.45%.

Wall Street Analyst Weigh In

HAL has been the subject of several research reports. Susquehanna reduced their price objective on Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on Halliburton from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. Barclays reduced their price objective on Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group reduced their price objective on Halliburton from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.61.

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.