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

Sequoia Financial Advisors LLC increased its position in shares of Halliburton Company (NYSE:HAL) by 310.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,522 shares of the oilfield services company’s stock after acquiring an additional 25,361 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Halliburton were worth $683,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HAL. Charles Schwab Investment Management Inc. lifted its stake in shares of Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after acquiring an additional 24,506,472 shares during the period. AQR Capital Management LLC increased its holdings in Halliburton by 217.4% in the first quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock valued at $116,770,000 after purchasing an additional 3,178,746 shares during the last quarter. Nuveen LLC bought a new stake in Halliburton in the first quarter valued at about $72,637,000. Pzena Investment Management LLC increased its holdings in Halliburton by 134.7% in the second quarter. Pzena Investment Management LLC now owns 3,734,069 shares of the oilfield services company’s stock valued at $76,100,000 after purchasing an additional 2,142,939 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Halliburton by 292.5% in the second quarter. Assenagon Asset Management S.A. now owns 2,807,084 shares of the oilfield services company’s stock valued at $57,208,000 after purchasing an additional 2,091,872 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Halliburton from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a report on Wednesday, October 8th. Zephirin Group upped their price objective on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Susquehanna dropped their price objective on Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Finally, Barclays dropped their price objective on Halliburton from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.26.

Halliburton Stock Up 2.0%

Shares of Halliburton stock opened at $22.25 on Monday. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The business has a 50-day moving average of $22.63 and a two-hundred day moving average of $21.65. The company has a market capitalization of $18.97 billion, a P/E ratio of 10.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The company had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

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

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.