Synovus Financial Corp Raises Holdings in Halliburton Company (HAL)

Synovus Financial Corp raised its stake in Halliburton Company (NYSE:HAL) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,261 shares of the oilfield services company’s stock after acquiring an additional 1,367 shares during the period. Synovus Financial Corp’s holdings in Halliburton were worth $3,562,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HAL. Comerica Securities Inc. raised its holdings in shares of Halliburton by 0.3% during the second quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock valued at $282,000 after buying an additional 18 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in shares of Halliburton by 0.4% during the second quarter. Appleton Partners Inc. MA now owns 5,158 shares of the oilfield services company’s stock valued at $220,000 after buying an additional 21 shares during the last quarter. Hedeker Wealth LLC raised its holdings in shares of Halliburton by 0.3% during the second quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock valued at $834,000 after buying an additional 56 shares during the last quarter. 440 Investment Group LLC raised its holdings in shares of Halliburton by 0.3% during the second quarter. 440 Investment Group LLC now owns 20,074 shares of the oilfield services company’s stock valued at $857,000 after buying an additional 60 shares during the last quarter. Finally, Eads & Heald Investment Counsel raised its holdings in shares of Halliburton by 0.7% during the second quarter. Eads & Heald Investment Counsel now owns 11,457 shares of the oilfield services company’s stock valued at $489,000 after buying an additional 80 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup cut their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating and set a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital reaffirmed a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.55.

In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the transaction, the executive vice president now owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the transaction, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Shares of Halliburton Company (NYSE:HAL) traded down $0.26 during trading hours on Wednesday, reaching $43.63. The company had a trading volume of 8,993,000 shares, compared to its average volume of 8,786,670. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $58.78. The company has a market capitalization of $38,295.82, a PE ratio of 60.12, a price-to-earnings-growth ratio of 4.74 and a beta of 1.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. equities analysts predict that Halliburton Company will post 1.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. Halliburton’s dividend payout ratio is currently 300.01%.

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Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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