1 week Ago By Defense World Staff
Halliburton (NYSE:HAL – Free Report) had its price target reduced by UBS Group from $23.00 to $22.00 in a report issued on Thursday morning,Benzinga reports.
They currently have a neutral rating on the oilfield services company’s stock.HAL has been the subject of several other reports. Jefferies Financial Group decreased their price objective on shares of Halliburton from $43.
00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th.
Susquehanna dropped their price objective on Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research note on Wednesday.
Stifel Nicolaus decreased their target price on Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday.
Finally, Citigroup dropped their price target on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday.
Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average target price of $34.68.
View Our Latest Stock Report on HalliburtonHalliburton Stock Down 1.7 %HAL opened at $20.86 on Thursday.
The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.
54. Halliburton has a 12 month low of $18.72 and a 12 month high of $38.
89. The stock’s 50 day moving average price is $23.74 and its 200 day moving average price is $26.
78. The stock has a market cap of $17.98 billion, a P/E ratio of 7.
37, a P/E/G ratio of 3.79 and a beta of 1.45.
Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.
60. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.
28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.
90%. As a group, research analysts predict that Halliburton will post 2.64 earnings per share for the current year.
Halliburton Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend.
The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.
26%. Halliburton’s dividend payout ratio is 28.45%.
Insider Buying and SellingIn other news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.
78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13.
The trade was a 52.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.
20. Following the completion of the transaction, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40.
This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here.
Over the last three months, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by company insiders.
Institutional Trading of HalliburtonSeveral large investors have recently added to or reduced their stakes in HAL. Sanders Capital LLC raised its holdings in shares of Halliburton by 1.6% during the 4th 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 in the last quarter. Geode Capital Management LLC increased its position in Halliburton by 4.4% during the fourth 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. raised its holdings in Halliburton by 10.
4% during the fourth 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 in the last quarter.
Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after buying an additional 2,171,722 shares during the last quarter.
Finally, Amundi boosted its stake in shares of Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after acquiring an additional 2,378,043 shares in the last quarter.
85.23% of the stock is owned by institutional investors. About Halliburton (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 ReadingFive stocks we like better than Halliburton3 Dividend Kings To ConsiderMarkets Think Robinhood Earnings Could Send the Stock UpProcter & Gamble (NYSE:PG) Pulls Back After Shaky GuidanceChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?Trading Halts ExplainedAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
