Sequoia Financial Advisors LLC Has $683,000 Holdings in Halliburton Company $HAL

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Halliburton Company (NYSE:HAL) by 310.8% during the 2nd quarter, now owning 33,522 shares valued at $683,000.
• Halliburton reported $5.51 billion in revenue for the last quarter, down 5.5% from the previous year, while maintaining an earnings per share (EPS) of $0.55 that met expectations.
• The company recently announced a quarterly dividend of $0.17 per share, resulting in an annual dividend yield of 3.1%.

Sequoia Financial Advisors LLC lifted its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 310.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,522 shares of the oilfield services company's stock after purchasing an additional 25,361 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Halliburton were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Cerro Pacific Wealth Advisors LLC grew its holdings in shares of Halliburton by 4.3% during the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company's stock worth $277,000 after purchasing an additional 559 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Halliburton by 8.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,870 shares of the oilfield services company's stock worth $174,000 after purchasing an additional 562 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Halliburton by 0.8% during the 1st quarter. Mediolanum International Funds Ltd now owns 72,381 shares of the oilfield services company's stock worth $1,815,000 after buying an additional 584 shares during the period. Hills Bank & Trust Co boosted its stake in Halliburton by 1.6% in the 1st quarter. Hills Bank & Trust Co now owns 38,733 shares of the oilfield services company's stock valued at $983,000 after buying an additional 595 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in Halliburton by 5.1% in the 1st quarter. AE Wealth Management LLC now owns 12,469 shares of the oilfield services company's stock valued at $316,000 after buying an additional 605 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Trading Up 2.0%

Shares of HAL opened at $22.25 on Monday. The stock has a fifty day moving average price of $22.63 and a two-hundred day moving average price of $21.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.02.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. Analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton's dividend payout ratio is 31.78%.

Wall Street Analysts Forecast Growth

HAL has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Bank of America boosted their price target on Halliburton from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, October 14th. Stifel Nicolaus decreased their price target on Halliburton from $29.00 to $27.00 and set a "buy" rating on the stock in a research note on Friday. UBS Group boosted their price target on Halliburton from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Finally, Zephirin Group boosted their price target on Halliburton from $27.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.26.

About Halliburton

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.

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