New York State Common Retirement Fund raised its holdings in shares of Halliburton Company (NYSE:HAL) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,670,014 shares of the oilfield services company’s stock after buying an additional 150,671 shares during the period. New York State Common Retirement Fund owned about 0.31% of Halliburton worth $114,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. Eagle Ridge Investment Management boosted its holdings in shares of Halliburton by 3.2% during the first quarter. Eagle Ridge Investment Management now owns 111,345 shares of the oilfield services company’s stock worth $5,479,000 after purchasing an additional 3,429 shares during the period. IndexIQ Advisors LLC boosted its holdings in shares of Halliburton by 171.7% during the first quarter. IndexIQ Advisors LLC now owns 12,890 shares of the oilfield services company’s stock worth $634,000 after purchasing an additional 8,145 shares during the period. First Trust Advisors LP boosted its holdings in shares of Halliburton by 52.3% during the first quarter. First Trust Advisors LP now owns 204,813 shares of the oilfield services company’s stock worth $10,079,000 after purchasing an additional 70,332 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Halliburton by 4.5% during the first quarter. Advisors Asset Management Inc. now owns 91,177 shares of the oilfield services company’s stock worth $4,487,000 after purchasing an additional 3,891 shares during the period. Finally, Fund Evaluation Group LLC boosted its holdings in shares of Halliburton by 0.4% during the first quarter. Fund Evaluation Group LLC now owns 4,406 shares of the oilfield services company’s stock worth $217,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 79.51% of the company’s stock.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.14) EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is currently -423.50%.

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In other news, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on HAL shares. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Jefferies Group LLC set a $56.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Halliburton in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Halliburton in a report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Halliburton currently has an average rating of “Buy” and an average price target of $58.61.

Halliburton Company Profile

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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