1 week Ago By ABMN Staff
Halliburton ( NYSE:HAL – Free Report ) had its price objective decreased by Citigroup from $33.00 to $31.00 in a research report sent to investors on Thursday morning, Benzinga reports.
Citigroup currently has a buy rating on the oilfield services company’s stock. A number of other research firms have also recently commented on HAL. Evercore ISI cut their target price on Halliburton from $43.
00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Stifel Nicolaus reduced their price objective on Halliburton from $37.
00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays lowered their target price on shares of Halliburton from $29.
00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Benchmark reduced their price target on shares of Halliburton from $40.
00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th.
Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.
68. View Our Latest Analysis on Halliburton Halliburton Stock Performance Halliburton ( NYSE:HAL – Get Free Report ) last posted its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.
60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Halliburton had a net margin of 10.
90% and a return on equity of 26.03%. The firm had revenue of $5.
42 billion for the quarter, compared to the consensus estimate of $5.28 billion. Research analysts forecast that Halliburton will post 2.
64 EPS for the current fiscal year. Halliburton Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.
17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.
68 annualized dividend and a yield of 3.26%. Halliburton’s dividend payout ratio (DPR) is currently 28.
45%. Insiders Place Their Bets In related news, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.
00, for a total transaction of $1,279,475.00. Following the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,177,525.
This represents a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website .
Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.
00. Following the sale, the director now owns 10,551 shares in the company, valued at approximately $253,646.04.
This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here .
Over the last quarter, insiders sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company’s stock.
Institutional Inflows and Outflows Large investors have recently made changes to their positions in the business. Sanders Capital LLC grew its position in shares of Halliburton by 1.6% in the fourth quarter.
Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after purchasing an additional 375,054 shares during the period. Geode Capital Management LLC boosted its stake in Halliburton by 4.4% in the 4th quarter.
Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock worth $584,139,000 after buying an additional 908,271 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Halliburton by 10.
4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after buying an additional 1,748,763 shares during the period.
Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Halliburton by 15.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares during the period.
Finally, Amundi grew its holdings in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after purchasing an additional 2,378,043 shares during the period.
Hedge funds and other institutional investors own 85.23% of the company’s stock. Halliburton Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.
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