State of New Jersey Common Pension Fund D Has $7.08 Million Position in Halliburton Company $HAL

State of New Jersey Common Pension Fund D boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 9.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 287,706 shares of the oilfield services company’s stock after acquiring an additional 25,432 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Halliburton were worth $7,078,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust increased its holdings in Halliburton by 22.2% in the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock valued at $58,000 after purchasing an additional 431 shares during the last quarter. Profund Advisors LLC grew its position in shares of Halliburton by 0.9% during the 3rd quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company’s stock worth $1,267,000 after buying an additional 463 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Halliburton by 7.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock valued at $150,000 after acquiring an additional 504 shares during the last quarter. Greenleaf Trust raised its position in shares of Halliburton by 3.3% in the 3rd quarter. Greenleaf Trust now owns 16,390 shares of the oilfield services company’s stock valued at $403,000 after acquiring an additional 519 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Halliburton by 2.6% during the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock worth $455,000 after acquiring an additional 566 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Halliburton in a research note on Friday, February 6th. Susquehanna upped their price objective on shares of Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Halliburton in a research note on Monday, December 29th. Barclays boosted their target price on Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Finally, Rothschild & Co Redburn set a $35.00 price target on Halliburton in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.95.

Halliburton Stock Performance

Shares of Halliburton stock opened at $34.75 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. The firm has a market cap of $29.11 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.77. Halliburton Company has a one year low of $18.72 and a one year high of $35.55. The stock’s 50-day moving average is $31.57 and its 200-day moving average is $26.82.

Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the firm earned $0.73 EPS. Halliburton’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 54,348 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total transaction of $1,900,006.08. Following the completion of the transaction, the executive vice president directly owned 344,535 shares in the company, valued at $12,044,943.60. This represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Allen Miller sold 171,200 shares of Halliburton stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $5,985,152.00. Following the completion of the sale, the chief executive officer directly owned 1,101,243 shares in the company, valued at approximately $38,499,455.28. This represents a 13.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 337,002 shares of company stock worth $11,445,938. Company insiders own 0.56% of the company’s stock.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.