Halliburton (HAL) Shares Bought by Arizona State Retirement System

Arizona State Retirement System lifted its stake in shares of Halliburton (NYSE:HAL) by 1.3% during the third quarter, HoldingsChannel reports. The firm owned 218,086 shares of the oilfield services company’s stock after acquiring an additional 2,854 shares during the period. Arizona State Retirement System’s holdings in Halliburton were worth $8,839,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its position in shares of Halliburton by 50.4% during the 3rd quarter. Greenleaf Trust now owns 8,665 shares of the oilfield services company’s stock worth $351,000 after purchasing an additional 2,905 shares in the last quarter. GWM Advisors LLC boosted its position in shares of Halliburton by 13.1% during the 3rd quarter. GWM Advisors LLC now owns 17,314 shares of the oilfield services company’s stock worth $702,000 after purchasing an additional 2,007 shares in the last quarter. Investment Partners LTD. bought a new position in shares of Halliburton during the 3rd quarter worth about $249,000. Intact Investment Management Inc. lifted its position in Halliburton by 45.1% in the 3rd quarter. Intact Investment Management Inc. now owns 15,960 shares of the oilfield services company’s stock valued at $647,000 after acquiring an additional 4,960 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Halliburton by 67.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,604 shares of the oilfield services company’s stock valued at $187,000 after acquiring an additional 1,851 shares in the last quarter. 78.85% of the stock is currently owned by institutional investors.

In other Halliburton news, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by company insiders.

Halliburton stock opened at $34.90 on Friday. Halliburton has a 52 week low of $33.73 and a 52 week high of $57.86. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 1.16. The company has a market cap of $30.57 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 0.94 and a beta of 1.07.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts expect that Halliburton will post 1.86 earnings per share for the current fiscal year.

Several brokerages recently weighed in on HAL. Cleveland Research cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. HSBC dropped their price target on shares of Halliburton to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 8th. Credit Suisse Group set a $51.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday, September 6th. Finally, UBS Group set a $50.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.60.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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