Sumitomo Mitsui DS Asset Management Company Ltd Has $2.87 Million Stock Holdings in Halliburton (NYSE:HAL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Halliburton (NYSE:HAL) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,399 shares of the oilfield services company’s stock after purchasing an additional 1,815 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Halliburton were worth $2,866,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its stake in shares of Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the last quarter. Modus Advisors LLC acquired a new position in Halliburton in the 4th quarter worth about $38,000. ORG Wealth Partners LLC bought a new position in Halliburton in the third quarter valued at about $44,000. Venturi Wealth Management LLC boosted its stake in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the topic of several recent research reports. Barclays cut their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Bank of America decreased their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Benchmark decreased their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Trading Down 1.2 %

HAL opened at $25.17 on Monday. The company has a market cap of $22.11 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. The company has a fifty day moving average price of $27.74 and a two-hundred day moving average price of $29.38. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56.

Halliburton (NYSE:HAL) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Analysts predict that Halliburton will post 2.67 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is 24.03%.

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.