Kentucky Retirement Systems Has $2.25 Million Stock Holdings in Halliburton (NYSE:HAL)

Kentucky Retirement Systems trimmed its stake in shares of Halliburton (NYSE:HAL) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,713 shares of the oilfield services company’s stock after selling 884 shares during the quarter. Kentucky Retirement Systems’ holdings in Halliburton were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Capital World Investors boosted its stake in Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares during the last quarter. Sanders Capital LLC increased its position in shares of Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Activity at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Down 0.2 %

Shares of Halliburton stock opened at $29.47 on Friday. The business has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $34.84. The stock has a market cap of $26.09 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period last year, the company posted $0.77 EPS. Halliburton’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts predict that Halliburton will post 3.14 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.31%. Halliburton’s dividend payout ratio is 23.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HAL. Johnson Rice raised Halliburton to a “moderate buy” rating in a report on Friday, July 19th. Susquehanna reduced their price objective on Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley lowered their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Dbs Bank started coverage on shares of Halliburton in a research report on Wednesday. They set a “buy” rating and a $45.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

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.