Public Employees Retirement System of Ohio Has $8.24 Million Holdings in Halliburton (NYSE:HAL)

Public Employees Retirement System of Ohio reduced its position in Halliburton (NYSE:HAL - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 302,895 shares of the oilfield services company's stock after selling 17,340 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Halliburton were worth $8,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. purchased a new position in shares of Halliburton in the 4th quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in Halliburton during the 4th quarter worth approximately $36,000. Blume Capital Management Inc. raised its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Halliburton during the fourth quarter valued at approximately $52,000. Finally, Quent Capital LLC grew its stake in Halliburton by 261.1% during the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock worth $61,000 after buying an additional 1,624 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Citigroup lowered their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays cut their price target on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group lowered 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. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.53.

Insider Activity

In other news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock worth $1,631,457 over the last 90 days. 0.56% of the stock is currently owned by company insiders.

Halliburton Stock Performance

Shares of HAL traded down $0.48 during mid-day trading on Friday, reaching $19.60. 33,049,418 shares of the company's stock traded hands, compared to its average volume of 10,831,757. Halliburton has a 12 month low of $18.72 and a 12 month high of $37.08. The stock has a market capitalization of $16.85 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. The business's 50-day moving average price is $21.33 and its 200-day moving average price is $25.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Equities analysts predict that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio is presently 28.45%.

About Halliburton

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.