Halliburton Company $HAL Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Halliburton Company (NYSE:HAL) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,088 shares of the oilfield services company’s stock after purchasing an additional 1,951 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Halliburton were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Mascagni Wealth Management Inc. acquired a new position in Halliburton during the fourth quarter valued at $28,000. Stone House Investment Management LLC purchased a new position in Halliburton in the first quarter valued at $30,000. Hexagon Capital Partners LLC increased its holdings in Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 656 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Halliburton in the first quarter valued at $37,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Halliburton in the fourth quarter valued at $39,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Up 0.8%

Shares of NYSE HAL opened at $22.54 on Monday. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The stock has a market cap of $19.22 billion, a PE ratio of 10.53 and a beta of 1.10. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $21.87 and a 200 day moving average of $21.83.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the business posted $0.80 EPS. Halliburton’s revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.0%. Halliburton’s dividend payout ratio is currently 31.78%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Barclays cut their price objective on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada cut their price objective on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Melius Research assumed coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Melius began coverage on shares of Halliburton in a report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $31.37.

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.