New York State Teachers Retirement System Cuts Stock Position in Halliburton Company $HAL

New York State Teachers Retirement System cut its holdings in Halliburton Company (NYSE:HAL) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 642,561 shares of the oilfield services company’s stock after selling 129,384 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Halliburton worth $18,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HAL. Cullen Frost Bankers Inc. bought a new stake in Halliburton in the third quarter worth $25,000. Nvest Wealth Strategies Inc. bought a new stake in Halliburton in the fourth quarter worth $25,000. Kelleher Financial Advisors bought a new stake in Halliburton in the third quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton in the second quarter worth $25,000. Finally, Strive Asset Management LLC bought a new stake in Halliburton in the third quarter worth $31,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Down 1.4%

NYSE:HAL opened at $41.69 on Friday. Halliburton Company has a twelve month low of $19.22 and a twelve month high of $42.46. The company has a market cap of $34.83 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.73. The stock has a fifty day simple moving average of $37.28 and a 200-day simple moving average of $32.07. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same period last year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts anticipate that Halliburton Company will post 2.32 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is 37.36%.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Macro demand outlook — Oil‑service firms are positioning for a boom as global oil investment and producer activity pick up, which should lift equipment and services demand for Halliburton. Swashbuckling oil-services firms are preparing for a boom
• Positive Sentiment: Customer pull — Halliburton executives say smaller operators are “vacuuming up” idle equipment, implying increased utilization and potential revenue pickup for service providers. Halliburton executives: Smaller operators vacuuming up equipment slack
• Positive Sentiment: Analyst/TV support — Media and commentators (including Jim Cramer) are publicly positive on HAL as a cyclical play that has held up, which can support short‑term demand for the stock. Jim Cramer on Halliburton: “It’s Been a Good Stock Even in a Bad Oil Market”
• Neutral Sentiment: Recent results mixed — Last quarter HAL narrowly beat EPS and revenue estimates but showed modest year‑over‑year revenue decline; beats help sentiment but leave limited upside without stronger growth. MarketBeat HAL profile / recent earnings
• Neutral Sentiment: Energy-market divergence — Global gas tightness versus a US glut creates uneven activity across regions and basins; this mixed market backdrop could mute uniform upside for service companies. While Asia and Europe scramble for natural gas, the US glut has nowhere to go
• Negative Sentiment: Insider selling — VP Timothy McKeon sold 8,655 shares (under a Rule 10b5‑1 plan, which lowers interpretive weight), and director Tobi M. Young sold 6,125 shares (a ~28.7% cut to her holdings). Insider sales can sap sentiment even if some are pre‑arranged. McKeon Form 4 Young Form 4
• Negative Sentiment: Valuation/caution — Commentary that the recent rally “leaves little room for error” and other cautionary takes increase downside risk if growth disappoints or macro conditions shift. Halliburton: Recent Rally Leaves Little Room For Error

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HAL. Royal Bank Of Canada raised their price target on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. UBS Group raised their price target on Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Stifel Nicolaus restated a “buy” rating and issued a $43.00 price target (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. HSBC raised their price target on Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler raised their price target on Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.09.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 19,618 shares of Halliburton stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the sale, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. This trade represents a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey Shannon Slocum sold 5,441 shares of Halliburton stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the completion of the sale, the chief operating officer owned 187,423 shares of the company’s stock, valued at $6,338,645.86. The trade was a 2.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 202,140 shares of company stock valued at $7,936,927. 0.57% of the stock is owned by company insiders.

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.