Sumitomo Mitsui Trust Group Inc. Trims Stock Position in Halliburton Company (NYSE:HAL)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,226,496 shares of the oilfield services company's stock after selling 30,754 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Halliburton worth $56,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in Halliburton during the 4th quarter worth $28,000. Horrell Capital Management Inc. acquired a new stake in Halliburton during the 4th quarter worth $33,000. Vermillion Wealth Management Inc. acquired a new stake in Halliburton during the 4th quarter worth $39,000. Blume Capital Management Inc. raised its stake in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Halliburton by 830.5% during the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock worth $52,000 after acquiring an additional 1,827 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAL has been the topic of several research analyst reports. UBS Group cut their price target on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. The Goldman Sachs Group dropped their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Barclays dropped their price objective on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup dropped their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.

Halliburton Price Performance

HAL stock traded up $0.79 during trading on Tuesday, reaching $21.17. 15,682,276 shares of the company were exchanged, compared to its average volume of 11,303,374. The company has a market cap of $18.20 billion, a P/E ratio of 8.86, a PEG ratio of 3.21 and a beta of 1.14. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.08. The stock's 50 day moving average price is $20.76 and its 200 day moving average price is $23.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.98.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. As a group, analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

Halliburton Company 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.