State of Tennessee Department of Treasury Has $16.71 Million Stake in Halliburton (NYSE:HAL)

State of Tennessee Department of Treasury reduced its stake in shares of Halliburton (NYSE:HAL - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,526 shares of the oilfield services company's stock after selling 22,552 shares during the period. State of Tennessee Department of Treasury owned about 0.07% of Halliburton worth $16,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HAL. TD Waterhouse Canada Inc. grew its position in shares of Halliburton by 73.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 538,876 shares of the oilfield services company's stock worth $14,652,000 after acquiring an additional 227,736 shares during the last quarter. MML Investors Services LLC grew its position in Halliburton by 15.7% in the 4th quarter. MML Investors Services LLC now owns 46,866 shares of the oilfield services company's stock worth $1,274,000 after purchasing an additional 6,361 shares during the last quarter. MetLife Investment Management LLC grew its position in Halliburton by 1.3% in the 4th quarter. MetLife Investment Management LLC now owns 232,573 shares of the oilfield services company's stock worth $6,324,000 after purchasing an additional 3,041 shares during the last quarter. Natixis increased its position in Halliburton by 46.9% in the 4th quarter. Natixis now owns 564,972 shares of the oilfield services company's stock valued at $15,362,000 after acquiring an additional 180,293 shares during the period. Finally, Norinchukin Bank The raised its stake in Halliburton by 15.8% during the 4th quarter. Norinchukin Bank The now owns 45,938 shares of the oilfield services company's stock valued at $1,249,000 after acquiring an additional 6,253 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the subject of a number of recent analyst reports. Benchmark decreased their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Susquehanna dropped their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $34.68.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 in the last ninety days. Insiders own 0.61% of the company's stock.

Halliburton Stock Down 1.7 %

Shares of Halliburton stock traded down $0.35 during trading hours on Friday, reaching $20.86. 11,003,499 shares of the company's stock were exchanged, compared to its average volume of 9,918,830. 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 50 day moving average of $23.86 and a two-hundred day moving average of $26.87. The stock has a market cap of $17.98 billion, a P/E ratio of 7.37, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.91.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, sell-side analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

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.