Public Employees Retirement System of Ohio Cuts Stock Position in Halliburton Company $HAL

Public Employees Retirement System of Ohio reduced its position in Halliburton Company (NYSE:HAL) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,168 shares of the oilfield services company’s stock after selling 5,328 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Halliburton were worth $5,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HAL. SBI Securities Co. Ltd. boosted its holdings in Halliburton by 8.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company’s stock valued at $174,000 after acquiring an additional 562 shares during the period. Mediolanum International Funds Ltd boosted its holdings in Halliburton by 0.8% during the 1st quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company’s stock valued at $1,815,000 after acquiring an additional 584 shares during the period. Hills Bank & Trust Co boosted its holdings in Halliburton by 1.6% during the 1st quarter. Hills Bank & Trust Co now owns 38,733 shares of the oilfield services company’s stock valued at $983,000 after acquiring an additional 595 shares during the period. AE Wealth Management LLC boosted its holdings in Halliburton by 5.1% during the 1st quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company’s stock valued at $316,000 after acquiring an additional 605 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Halliburton by 3.7% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 17,181 shares of the oilfield services company’s stock valued at $436,000 after acquiring an additional 614 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 0.3%

HAL opened at $25.03 on Tuesday. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $21.34 billion, a PE ratio of 11.70 and a beta of 1.10. The business has a 50 day moving average of $22.22 and a 200-day moving average of $21.82.

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

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is 31.78%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their target price on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their target price on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Piper Sandler cut Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a report on Monday, July 28th. UBS Group upped their price target on Halliburton from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, August 20th. Finally, Susquehanna lowered their price target on Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.37.

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.