Teacher Retirement System of Texas cut its position in shares of Halliburton Company (NYSE:HAL) by 4.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,156,992 shares of the oilfield services company’s stock after selling 52,753 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Halliburton worth $49,415,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Halliburton by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 45,919 shares of the oilfield services company’s stock worth $2,260,000 after buying an additional 1,899 shares in the last quarter. North Point Portfolio Managers Corp OH boosted its stake in shares of Halliburton by 1.6% in the first quarter. North Point Portfolio Managers Corp OH now owns 237,761 shares of the oilfield services company’s stock worth $11,700,000 after buying an additional 3,734 shares in the last quarter. First Quadrant L P CA boosted its stake in shares of Halliburton by 318.4% in the first quarter. First Quadrant L P CA now owns 71,127 shares of the oilfield services company’s stock worth $3,500,000 after buying an additional 54,127 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Halliburton by 23.6% in the first quarter. Glen Harbor Capital Management LLC now owns 23,154 shares of the oilfield services company’s stock worth $1,139,000 after buying an additional 4,420 shares in the last quarter. Finally, Buckhead Capital Management LLC boosted its stake in shares of Halliburton by 0.3% in the first quarter. Buckhead Capital Management LLC now owns 7,340 shares of the oilfield services company’s stock worth $361,000 after buying an additional 20 shares in the last quarter. Institutional investors own 78.54% of the company’s stock.

Shares of Halliburton Company (NYSE HAL) opened at 39.01 on Friday. The firm’s 50-day moving average price is $41.73 and its 200 day moving average price is $46.52. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company’s market cap is $34.00 billion.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Halliburton’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, equities analysts predict that Halliburton Company will post $1.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be paid a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Halliburton’s dividend payout ratio is -423.50%.

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Several equities research analysts have recently commented on the company. Seaport Global Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $43.00 to $50.00 in a research note on Thursday, July 20th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of Halliburton in a research note on Thursday, July 20th. Jefferies Group LLC restated a “buy” rating and set a $69.00 price target on shares of Halliburton in a research note on Friday, May 26th. Finally, Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Monday, June 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.60.

About Halliburton

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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