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Stocks That Fell to 3-Year Lows in the Week of May 24

- By Shuda Xia

3M Co. (MMM), Mizuho Financial Group Inc. (MFG), Sasol Ltd. (SSL), and Halliburton Co. (HAL) have declined to their three-year lows.

3M Co. (MMM) declined to $166.09

The prices of 3M Co. (MMM) shares have declined to $166.09 on May 24, which is only 1.3% above the 3-year low of $163.85. It is now 36.9% off the 3-year of $259.77.


3M Co. is an American international conglomerate corporation with operations in the fields of industry, worker safety, health care, and consumer goods. The company produces a variety of products including adhesives, abrasives, passive fire protection, window films, and dental and orthodontic products. The company is a DJIA component and a component of the S&P 100.

3M Co. has a market cap of $95.74 billion; its shares were traded around $166.09 with a P/E ratio of 17.60 and P/S ratio of 3.07. The trailing 12-month dividend yield of 3M Co. stocks is 3.39%. The forward dividend yield of 3M Co. stocks is 3.47%. 3M Co. had an annual average earnings growth of 6.10% over the past 10 years.

On May 14 3M Co. announced that the company's Board of Directors has declared a dividend of $1.44 per share on the company's common stock for the second quarter of 2019. The dividend is payable on June 12 to shareholders of record at the close of business on May 24.

Mizuho Financial Group Inc. (MFG) declined to $2.87

The prices of Mizuho Financial Group Inc. (MFG) shares have declined to $2.87 on May 24, which is only 3.8% above the 3-year low of $2.76.

Mizuho Financial Group Inc. is a Japanese banking holding company. Upon its founding in 2001, it was the largest bank in the world by assets. The company holds more than $1.8 trillion in assets through its control of Mizuho Bank and other operating subsidiaries. The company's combined holdings form the second largest financial services group in Japan and the company is also a component of the TOPIX Core 30.

Mizuho Financial Group Inc. has a market cap of $36.7 billion; its shares were traded around $2.87 with a P/E ratio of 6.27 and P/S ratio of 1.89. The trailing 12-month dividend yield of Mizuho Financial Group Inc. stocks is 2.32%. The forward dividend yield of Mizuho Financial Group Inc. stocks is 4.78%.

On May 15 Mizuho Financial Group Inc. announced a change in the Board of Directors. Hideo Etani, a current outside director and supervisory committee member on the Board of Directors, will be retiring. Yasuhisa Hashimoto will take over Mr. Etani's positions. These changes will be effective June 20, 2019.

Sasol Ltd. (SSL) declined to $24.88

The prices of Sasol Ltd. (SSL) shares have declined to $24.88 on May 24, which is only 2.8% above the 3-year low of $24.19. It is now 39.1% off the 3-year of $39.73.

Sasol Ltd. is a South African international integrated energy and chemical company. The company focuses on developing and commercializing synthetic fuels and produces different liquid fuels, chemicals, and electricity. The company is the largest corporate taxpayer in South Africa and one of the country's largest state owned enterprises.

Sasol Ltd. has a market cap of $15.59 billion; its shares were traded around $24.88 with a P/E ratio of 13.45 and P/S ratio of 1.21. The trailing 12-month dividend yield of Sasol Ltd. stocks is 3.95%. The forward dividend yield of Sasol Ltd. stocks is 3.99%. Sasol Ltd. had an annual average earnings growth of 2.80% over the past 10 years.

On May 22 Sasol Ltd. updated its guidance on the Lake Charles chemicals project following a review process to assess the project costs and schedule. The project remains on track with the Ethylene Glycol/Ethylene Oxide Unit. The only revision to the schedule is the Guerbet Unit which will now be on stream in February of 2020. At the end of March 2019 project completion was at 96% while construction completion was at 85%.

Halliburton Co. (HAL) declined to $22.97

The prices of Halliburton Co. (HAL) shares have declined to $22.97 on May 24, which is only 0.3% above the 3-year low of $22.91.

Halliburton Co. is an American international oil field services company with operations in more than 80 countries. The company owns hundreds of subsidiaries, affiliates, branches, brands, and divisions worldwide. The company provides technical products and services for petroleum and natural gas exploration and production such as refineries, pipelines, and chemical plants.

Halliburton Co. has a market cap of $20.08 billion; its shares were traded around $22.97 with a P/E ratio of 11.45 and P/S ratio of 0.82. The trailing 12-month dividend yield of Halliburton Co. stocks is 3.12%. The forward dividend yield of Halliburton Co. stocks is 3.06%.

On April 22 Halliburton Co. reported financial results for the first quarter of 2019. Reported net income for the quarter was $152 million, or $0.17 per diluted share, compared to the net income of $46 million, or $0.05 per diluted share, during the same quarter 2018. Adjusted net income for the first quarter was $201 million, or $0.23 per diluted share, compared to the adjusted net income of $358 million, or $0.41 per diluted share, during the same quarter 2018. Reported operating income for the quarter was $365 million, a 3% increase compared to the reported operating income of $354 during the same quarter prior year.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.