State of Alaska Department of Revenue Sells 2,425 Shares of Halliburton (NYSE:HAL)

State of Alaska Department of Revenue reduced its stake in shares of Halliburton (NYSE:HAL) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,159 shares of the oilfield services company’s stock after selling 2,425 shares during the quarter. State of Alaska Department of Revenue’s holdings in Halliburton were worth $2,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HAL. Geode Capital Management LLC increased its position in shares of Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock valued at $597,234,000 after purchasing an additional 172,505 shares during the last quarter. Pacer Advisors Inc. increased its position in Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Halliburton by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after acquiring an additional 115,504 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 1.2 %

Shares of NYSE:HAL opened at $25.17 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $22.11 billion, a PE ratio of 8.89, a P/E/G ratio of 3.53 and a beta of 1.89. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56. The business’s fifty day simple moving average is $27.74 and its 200-day simple moving average is $29.38.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts predict that Halliburton will post 2.67 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.70%. Halliburton’s payout ratio is 24.03%.

Wall Street Analyst Weigh In

HAL has been the subject of several analyst reports. Bank of America decreased their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company decreased their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Morgan Stanley decreased their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Finally, Jefferies Financial Group cut their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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.