Sumitomo Mitsui Trust Group Inc. Has $49.25 Million Stock Holdings in Halliburton Company $HAL

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Halliburton Company (NYSE:HAL) by 8.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,416,360 shares of the oilfield services company’s stock after acquiring an additional 189,864 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Halliburton worth $49,245,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new position in Halliburton during the 1st quarter worth approximately $30,000. Hexagon Capital Partners LLC boosted its position in Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 656 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in Halliburton during the 1st quarter worth approximately $37,000. Bartlett & CO. Wealth Management LLC boosted its position in Halliburton by 109.5% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after acquiring an additional 993 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its position in Halliburton by 756.2% during the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 1,883 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Up 1.1%

HAL opened at $26.83 on Tuesday. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $32.57. The stock’s fifty day simple moving average is $23.20 and its 200 day simple moving average is $21.88. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock has a market cap of $22.88 billion, a PE ratio of 17.77 and a beta of 1.02.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the business earned $0.73 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio is 45.03%.

Analysts Set New Price Targets

A number of research firms have weighed in on HAL. Zephirin Group upped their price target on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Hsbc Global Res upgraded Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Bank of America upped their price objective on Halliburton from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Melius Research assumed coverage on Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective on the stock. Finally, Melius assumed coverage on Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

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.