Public Employees Retirement Association of Colorado boosted its position in shares of Halliburton Co. (NYSE:HAL) by 57.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,600,743 shares of the oilfield services company’s stock after buying an additional 585,342 shares during the period. Public Employees Retirement Association of Colorado owned 0.19% of Halliburton worth $72,498,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in HAL. Manchester Capital Management LLC increased its stake in shares of Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares in the last quarter. Pitcairn Co. increased its stake in shares of Halliburton by 0.7% in the second quarter. Pitcairn Co. now owns 7,694 shares of the oilfield services company’s stock worth $349,000 after buying an additional 54 shares in the last quarter. Alpha Windward LLC increased its stake in shares of Halliburton by 1.6% in the second quarter. Alpha Windward LLC now owns 3,609 shares of the oilfield services company’s stock worth $163,000 after buying an additional 58 shares in the last quarter. Evanson Asset Management LLC increased its stake in shares of Halliburton by 0.9% in the second quarter. Evanson Asset Management LLC now owns 9,815 shares of the oilfield services company’s stock worth $445,000 after buying an additional 84 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Halliburton by 0.9% in the second quarter. Capital Investment Advisors LLC now owns 14,111 shares of the oilfield services company’s stock worth $639,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 79.64% of the company’s stock.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Shares of Halliburton Co. (NYSE:HAL) traded down 0.24% during mid-day trading on Friday, reaching $46.26. The company had a trading volume of 7,013,747 shares. The firm’s market capitalization is $39.83 billion. Halliburton Co. has a 12-month low of $27.64 and a 12-month high of $46.90. The stock has a 50 day moving average price of $43.48 and a 200 day moving average price of $42.09.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. Halliburton’s revenue for the quarter was down 35.2% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. On average, equities analysts forecast that Halliburton Co. will post ($0.18) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.56%. Halliburton’s dividend payout ratio is -10.86%.

A number of brokerages recently weighed in on HAL. Simmons increased their price target on shares of Halliburton from $48.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, June 21st. Seaport Global Securities restated a “buy” rating on shares of Halliburton in a report on Thursday, July 21st. Johnson Rice restated an “accumulate” rating on shares of Halliburton in a report on Monday, July 25th. Vetr downgraded shares of Halliburton from a “buy” rating to a “hold” rating and set a $42.96 target price on the stock. in a report on Tuesday, September 6th. Finally, Iberia Capital restated an “outperform” rating and set a $50.00 target price on shares of Halliburton in a report on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $46.89.

About Halliburton

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.

5 Day Chart for NYSE:HAL

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