Teacher Retirement System of Texas Makes New Investment in Halliburton (NYSE:HAL)

Teacher Retirement System of Texas purchased a new stake in shares of Halliburton (NYSE:HAL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 16,731 shares of the oilfield services company’s stock, valued at approximately $455,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MidWestOne Financial Group Inc. lifted its holdings in Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares in the last quarter. HBW Advisory Services LLC lifted its stake in shares of Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 397 shares in the last quarter. Blume Capital Management Inc. grew its stake in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after buying an additional 400 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in Halliburton by 3.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock valued at $347,000 after acquiring an additional 453 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock worth $5,321,170 in the last ninety days. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HAL shares. JPMorgan Chase & Co. reduced their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Jefferies Financial Group reduced their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Stifel Nicolaus lowered their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Evercore ISI reduced their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Finally, Barclays lowered their target price on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.37.

Halliburton Stock Performance

NYSE:HAL opened at $25.37 on Tuesday. The company has a market capitalization of $22.03 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 3.79 and a beta of 1.84. The business has a 50 day moving average of $25.89 and a 200 day moving average of $27.93. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Halliburton Company 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.