California Public Employees Retirement System Sells 60,467 Shares of Halliburton (NYSE:HAL)

California Public Employees Retirement System cut its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,631,755 shares of the oilfield services company's stock after selling 60,467 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Halliburton worth $58,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Wedge Capital Management L L P NC lifted its holdings in shares of Halliburton by 17.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 472,489 shares of the oilfield services company's stock worth $17,080,000 after buying an additional 68,779 shares in the last quarter. RWA Wealth Partners LLC purchased a new stake in shares of Halliburton in the fourth quarter worth about $447,000. Jennison Associates LLC lifted its holdings in shares of Halliburton by 51.2% in the fourth quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company's stock worth $91,787,000 after buying an additional 859,440 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Halliburton by 8.7% in the fourth quarter. MCF Advisors LLC now owns 5,048 shares of the oilfield services company's stock worth $182,000 after buying an additional 405 shares in the last quarter. Finally, CWM LLC increased its position in shares of Halliburton by 4.9% in the fourth quarter. CWM LLC now owns 24,391 shares of the oilfield services company's stock worth $882,000 after purchasing an additional 1,138 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 0.5 %

Shares of Halliburton stock traded down $0.18 on Friday, hitting $38.54. The stock had a trading volume of 5,052,530 shares, compared to its average volume of 7,116,715. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a one year low of $27.84 and a one year high of $43.85. The stock has a market cap of $34.16 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.00 and a beta of 2.00. The stock's 50-day simple moving average is $37.88 and its two-hundred day simple moving average is $37.39.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm had revenue of $5.80 billion for the quarter, compared to analysts' expectations of $5.67 billion. During the same quarter last year, the business earned $0.72 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton will post 3.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Tuesday. Susquehanna restated a "positive" rating and issued a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Royal Bank of Canada restated an "outperform" rating and issued a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. Raymond James reduced their price target on shares of Halliburton from $49.00 to $47.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 24th. Finally, Benchmark reiterated a "buy" rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Halliburton currently has an average rating of "Buy" and an average target price of $48.82.

Insider Buying and Selling

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

Halliburton Profile

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.