Halliburton Company (NYSE:HAL) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council increased its position in Halliburton Company (NYSE:HAL - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 802,857 shares of the oilfield services company's stock after buying an additional 150,918 shares during the quarter. South Dakota Investment Council owned about 0.09% of Halliburton worth $20,368,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HAL. Mascagni Wealth Management Inc. acquired a new position in Halliburton during the fourth quarter valued at $28,000. Horrell Capital Management Inc. acquired a new position in Halliburton during the fourth quarter valued at $33,000. Hexagon Capital Partners LLC raised its position in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after buying an additional 656 shares during the period. Vermillion Wealth Management Inc. acquired a new position in Halliburton during the fourth quarter valued at $39,000. Finally, Versant Capital Management Inc raised its position in Halliburton by 830.5% during the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after buying an additional 1,827 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Performance

Shares of HAL traded down $0.09 during trading hours on Monday, reaching $21.14. 10,742,003 shares of the company traded hands, compared to its average volume of 11,595,288. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $34.97. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $18.17 billion, a P/E ratio of 8.84, a P/E/G ratio of 3.35 and a beta of 1.13. The business has a fifty day moving average price of $21.15 and a 200-day moving average price of $23.37.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. Equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.22%. Halliburton's dividend payout ratio is currently 28.45%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HAL shares. Wells Fargo & Company upped their price target on Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Barclays dropped their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. UBS Group reduced their price target on Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 2nd. Citigroup dropped their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $33.47.

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.