New York State Common Retirement Fund Lowers Stock Holdings in Halliburton (NYSE:HAL)

New York State Common Retirement Fund lessened its position in shares of Halliburton (NYSE:HAL - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,934,269 shares of the oilfield services company's stock after selling 88,625 shares during the period. New York State Common Retirement Fund owned about 0.22% of Halliburton worth $69,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. CWM LLC grew its holdings in Halliburton by 8.9% during the 3rd quarter. CWM LLC now owns 23,253 shares of the oilfield services company's stock worth $942,000 after acquiring an additional 1,910 shares in the last quarter. IFP Advisors Inc grew its holdings in Halliburton by 185.6% during the 3rd quarter. IFP Advisors Inc now owns 12,706 shares of the oilfield services company's stock worth $515,000 after acquiring an additional 8,257 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in Halliburton during the 3rd quarter worth approximately $45,000. Meridian Wealth Management LLC grew its holdings in Halliburton by 14.7% during the 3rd quarter. Meridian Wealth Management LLC now owns 37,272 shares of the oilfield services company's stock worth $1,510,000 after acquiring an additional 4,764 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Halliburton by 26.4% during the 3rd quarter. Caprock Group LLC now owns 25,766 shares of the oilfield services company's stock worth $1,044,000 after acquiring an additional 5,384 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Trading Up 0.3 %

Shares of HAL stock traded up $0.13 during trading hours on Wednesday, hitting $38.72. 7,752,998 shares of the company were exchanged, compared to its average volume of 7,155,866. The firm has a market cap of $34.32 billion, a PE ratio of 13.13, a PEG ratio of 0.99 and a beta of 2.00. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $37.66 and a 200 day moving average of $37.39.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Halliburton's revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts expect that Halliburton will post 3.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HAL. Barclays lowered their target price on shares of Halliburton from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th. Citigroup upped their price target on shares of Halliburton from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday. Susquehanna restated a "positive" rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. TD Cowen upped their price objective on shares of Halliburton from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Halliburton from a "hold" rating to a "buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $48.82.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company's stock, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

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.