Halliburton (NYSE:HAL) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Halliburton (NYSE:HAL) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,631,755 shares of the oilfield services company’s stock after selling 60,467 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Halliburton worth $58,988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HAL. Northern Trust Corp raised its stake in shares of Halliburton by 3.0% during the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after purchasing an additional 265,680 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Halliburton by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock worth $359,283,000 after buying an additional 448,548 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Halliburton by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock worth $214,297,000 after buying an additional 44,188 shares during the last quarter. Raymond James & Associates increased its stake in shares of Halliburton by 0.6% in the third quarter. Raymond James & Associates now owns 3,841,843 shares of the oilfield services company’s stock worth $155,595,000 after buying an additional 23,394 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Halliburton by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock worth $135,372,000 after buying an additional 44,901 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $38.72 on Friday. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a market cap of $34.32 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.12. The firm has a fifty day moving average of $37.81 and a 200-day moving average of $37.41.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. As a group, equities analysts anticipate that Halliburton will post 3.41 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the business’s 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 completion of the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HAL. Morgan Stanley lifted their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday. Citigroup lifted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays decreased their price objective 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. UBS Group lifted their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $48.82.

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.