New Mexico Educational Retirement Board reduced its position in shares of Halliburton Company (NYSE:HAL) by 8.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 80,671 shares of the oilfield services company’s stock after selling 7,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Halliburton were worth $3,424,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAL. State of Alaska Department of Revenue purchased a new position in shares of Halliburton during the first quarter worth about $385,000. Cape Cod Five Cents Savings Bank boosted its position in shares of Halliburton by 0.7% in the first quarter. Cape Cod Five Cents Savings Bank now owns 30,347 shares of the oilfield services company’s stock worth $1,493,000 after buying an additional 216 shares during the period. V Wealth Management LLC boosted its position in shares of Halliburton by 25.0% in the first quarter. V Wealth Management LLC now owns 4,725 shares of the oilfield services company’s stock worth $227,000 after buying an additional 945 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Halliburton by 32.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 344,960 shares of the oilfield services company’s stock worth $16,976,000 after buying an additional 85,466 shares during the period. Finally, CAPROCK Group Inc. boosted its position in shares of Halliburton by 6.7% in the first quarter. CAPROCK Group Inc. now owns 9,012 shares of the oilfield services company’s stock worth $443,000 after buying an additional 569 shares during the period. 78.54% of the stock is currently owned by institutional investors and hedge funds.
Halliburton Company (HAL) opened at 38.79 on Friday. The stock’s 50 day moving average is $41.81 and its 200 day moving average is $46.64. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The firm’s market cap is $33.81 billion.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.86 billion. During the same period in the prior year, the business earned ($0.14) EPS. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. On average, analysts predict that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, September 1st. Halliburton’s payout ratio is -423.50%.
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HAL has been the topic of a number of recent analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a research note on Thursday, May 4th. UBS AG reaffirmed a “buy” rating and set a $70.00 target price on shares of Halliburton in a research note on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $69.00 target price on shares of Halliburton in a research note on Friday, May 26th. Credit Suisse Group set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, June 5th. Finally, Seaport Global Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $63.00 to $43.00 in a research note on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.60.
About Halliburton
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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