Synovus Financial Corp decreased its holdings in shares of Halliburton (NYSE:HAL) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 83,729 shares of the oilfield services company’s stock after selling 578 shares during the quarter. Synovus Financial Corp’s holdings in Halliburton were worth $1,583,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of HAL. California Public Employees Retirement System grew its holdings in shares of Halliburton by 20.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,924,328 shares of the oilfield services company’s stock valued at $36,274,000 after buying an additional 322,788 shares during the period. Energy Opportunities Capital Management LLC boosted its stake in Halliburton by 17.9% in the 2nd quarter. Energy Opportunities Capital Management LLC now owns 107,931 shares of the oilfield services company’s stock worth $2,454,000 after purchasing an additional 16,354 shares during the period. 361 Capital LLC acquired a new position in Halliburton in the 2nd quarter worth $702,000. Corrado Advisors LLC acquired a new position in shares of Halliburton during the 2nd quarter worth about $114,000. Finally, Cerebellum GP LLC boosted its stake in shares of Halliburton by 30.5% during the 2nd quarter. Cerebellum GP LLC now owns 15,104 shares of the oilfield services company’s stock worth $343,000 after buying an additional 3,533 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.
In other news, Director William E. Albrecht bought 8,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were bought at an average cost of $19.35 per share, with a total value of $154,800.00. Following the acquisition, the director now owns 16,000 shares in the company, valued at $309,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.
Shares of HAL stock traded down $0.28 on Friday, reaching $20.68. The stock had a trading volume of 106,279 shares, compared to its average volume of 13,451,654. The company has a quick ratio of 1.67, a current ratio of 2.39 and a debt-to-equity ratio of 1.13. The firm’s 50-day moving average is $19.44 and its two-hundred day moving average is $21.77. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 3.46 and a beta of 1.41. Halliburton has a 12 month low of $16.97 and a 12 month high of $36.32.
Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 21st. The oilfield services company reported $0.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.34. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.82 billion. Halliburton had a net margin of 5.12% and a return on equity of 12.03%. Halliburton’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. On average, sell-side analysts forecast that Halliburton will post 1.25 earnings per share for the current fiscal year.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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