Oregon Public Employees Retirement Fund increased its holdings in Halliburton (NYSE:HAL) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,441 shares of the oilfield services company’s stock after purchasing an additional 543 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Halliburton were worth $2,102,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of HAL. Paragon Capital Management LLC bought a new stake in Halliburton during the first quarter valued at $29,000. American Research & Management Co. bought a new stake in Halliburton during the first quarter valued at $29,000. Barnett & Company Inc. bought a new stake in Halliburton during the first quarter valued at $29,000. Mascoma Wealth Management LLC bought a new stake in Halliburton during the first quarter valued at $30,000. Finally, Berman Capital Advisors LLC boosted its position in Halliburton by 46.0% during the first quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 395 shares during the last quarter. 77.52% of the stock is currently owned by institutional investors.
Shares of NYSE HAL traded down $0.66 during trading on Friday, hitting $21.00. 14,128,207 shares of the company traded hands, compared to its average volume of 13,170,078. The firm has a fifty day moving average of $22.72. Halliburton has a fifty-two week low of $20.83 and a fifty-two week high of $42.57. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 2.71 and a beta of 1.30. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.59.
HAL has been the topic of a number of research analyst reports. Stephens cut their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Cowen reaffirmed an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Halliburton in a research report on Tuesday, July 23rd. Morgan Stanley cut their price target on shares of Halliburton from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Halliburton in a research report on Thursday, June 20th. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $39.78.
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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