SYM FINANCIAL Corp Increases Holdings in Halliburton Company $HAL

by · The Cerbat Gem

SYM FINANCIAL Corp lifted its position in Halliburton Company (NYSE:HAL – Free Report) by 54.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,051 shares of the oilfield services company’s stock after purchasing an additional 5,337 shares during the period. SYM FINANCIAL Corp’s holdings in Halliburton were worth $307,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. AustralianSuper Pty Ltd lifted its holdings in Halliburton by 545.6% during the second quarter. AustralianSuper Pty Ltd now owns 1,131,595 shares of the oilfield services company’s stock worth $23,062,000 after buying an additional 956,318 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in Halliburton by 466.6% during the second quarter. Y Intercept Hong Kong Ltd now owns 605,514 shares of the oilfield services company’s stock worth $12,340,000 after buying an additional 498,641 shares during the period. Transcend Capital Advisors LLC purchased a new stake in Halliburton during the second quarter worth $250,000. Banco Santander S.A. lifted its holdings in Halliburton by 1.9% during the second quarter. Banco Santander S.A. now owns 489,674 shares of the oilfield services company’s stock worth $9,980,000 after buying an additional 8,969 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in Halliburton by 7.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 35,146 shares of the oilfield services company’s stock worth $716,000 after buying an additional 2,347 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays increased their price objective on Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group increased their price objective on Halliburton from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank Of Canada upgraded Halliburton from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 22nd. Hsbc Global Res upgraded Halliburton from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Zephirin Group raised their target price on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $31.40.

Check Out Our Latest Research Report on Halliburton

Halliburton Stock Performance

Shares of HAL stock opened at $26.83 on Tuesday. The firm has a market capitalization of $22.88 billion, a price-to-earnings ratio of 17.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The business has a fifty day moving average of $23.20 and a 200 day moving average of $21.88. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57.

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

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

About Halliburton

(Free Report)

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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