New York State Teachers Retirement System Sells 68,592 Shares of Halliburton (NYSE:HAL)

New York State Teachers Retirement System lowered its stake in shares of Halliburton (NYSE:HAL) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 879,398 shares of the oilfield services company’s stock after selling 68,592 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Halliburton worth $23,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Modus Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter worth $38,000. Continuum Advisory LLC boosted its holdings in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares during the last quarter. Venturi Wealth Management LLC grew its position in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Halliburton during the 4th quarter worth approximately $52,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $26.16 on Friday. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56. 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 stock has a market cap of $22.70 billion, a P/E ratio of 9.24, a P/E/G ratio of 3.53 and a beta of 1.89. The company has a 50 day moving average of $27.30 and a 200 day moving average of $29.15.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.60%. Halliburton’s payout ratio is currently 24.03%.

Insider Buying and Selling

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI decreased their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Piper Sandler initiated coverage on shares of Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Finally, Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.42.

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.