Sequoia Financial Advisors LLC Buys 16,381 Shares of Halliburton Company $HAL

Sequoia Financial Advisors LLC raised its stake in Halliburton Company (NYSE:HAL) by 32.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,712 shares of the oilfield services company’s stock after acquiring an additional 16,381 shares during the period. Sequoia Financial Advisors LLC’s holdings in Halliburton were worth $2,265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MCF Advisors LLC grew its position in Halliburton by 12.7% during the 2nd quarter. MCF Advisors LLC now owns 9,732 shares of the oilfield services company’s stock valued at $330,000 after purchasing an additional 1,094 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Halliburton by 461.6% during the second quarter. WINTON GROUP Ltd now owns 408,281 shares of the oilfield services company’s stock valued at $13,861,000 after buying an additional 335,581 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Halliburton by 902.5% during the second quarter. Engineers Gate Manager LP now owns 817,532 shares of the oilfield services company’s stock valued at $27,755,000 after buying an additional 735,984 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Halliburton by 22.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,566 shares of the oilfield services company’s stock valued at $223,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. increased its position in shares of Halliburton by 2.4% during the second quarter. Mraz Amerine & Associates Inc. now owns 108,233 shares of the oilfield services company’s stock valued at $3,674,000 after acquiring an additional 2,500 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Up 0.1%

HAL opened at $35.88 on Monday. The firm’s 50 day simple moving average is $34.39 and its two-hundred day simple moving average is $36.71. The company has a market capitalization of $29.89 billion, a PE ratio of 18.78, a PEG ratio of 2.07 and a beta of 0.76. Halliburton Company has a 1-year low of $21.46 and a 1-year high of $43.59. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be given a $0.17 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.9%. Halliburton’s dividend payout ratio is presently 35.60%.

Insider Transactions at Halliburton

In related news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on HAL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a report on Wednesday, July 8th. Evercore reiterated an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. TD Cowen decreased their target price on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. UBS Group lowered their target price on shares of Halliburton from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Argus reduced their price target on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports oil and natural gas exploration, development and production across the life cycle of a well, serving both independent and national oil companies.

Halliburton operates through two principal business segments: Completion and Production, which provides cementing, stimulation, intervention and completion services; and Drilling and Evaluation, which offers drilling services, formation evaluation, well construction, project management and related technologies.