State of Alaska Department of Revenue grew its holdings in Halliburton (NYSE:HAL) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,878 shares of the oilfield services company’s stock after purchasing an additional 8,858 shares during the period. State of Alaska Department of Revenue’s holdings in Halliburton were worth $2,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Halliburton by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 66,260,319 shares of the oilfield services company’s stock worth $1,506,759,000 after acquiring an additional 210,596 shares during the period. BlackRock Inc. increased its holdings in Halliburton by 8.3% during the 2nd quarter. BlackRock Inc. now owns 64,046,975 shares of the oilfield services company’s stock worth $1,456,428,000 after acquiring an additional 4,911,686 shares during the period. Macquarie Group Ltd. increased its holdings in Halliburton by 21.0% during the 2nd quarter. Macquarie Group Ltd. now owns 28,178,590 shares of the oilfield services company’s stock worth $640,781,000 after acquiring an additional 4,887,699 shares during the period. Sanders Capital LLC increased its holdings in Halliburton by 3.3% during the 2nd quarter. Sanders Capital LLC now owns 23,928,402 shares of the oilfield services company’s stock worth $600,813,000 after acquiring an additional 773,300 shares during the period. Finally, Pzena Investment Management LLC increased its holdings in Halliburton by 89.8% during the 2nd quarter. Pzena Investment Management LLC now owns 23,591,540 shares of the oilfield services company’s stock worth $536,472,000 after acquiring an additional 11,163,777 shares during the period. 77.60% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the stock. Bank of America decreased their target price on shares of Halliburton from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Stephens decreased their target price on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating and set a $20.00 price target on the stock in a report on Wednesday, July 24th. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, July 1st. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $35.67.

Shares of Halliburton stock traded down $0.06 during trading on Wednesday, reaching $18.19. The company’s stock had a trading volume of 104,204 shares, compared to its average volume of 11,925,534. Halliburton has a 52-week low of $16.97 and a 52-week high of $42.57. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 2.25 and a beta of 1.37. The firm’s 50-day moving average is $19.18 and its two-hundred day moving average is $23.36. The company has a quick ratio of 1.59, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. On average, equities research analysts anticipate that Halliburton will post 1.3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.72 annualized dividend and a yield of 3.96%. Halliburton’s payout ratio is currently 37.89%.

In other news, Director William E. Albrecht purchased 8,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $19.35 per share, with a total value of $154,800.00. Following the transaction, the director now directly owns 16,000 shares of the company’s stock, valued at approximately $309,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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