Key Points
- Insider sale: Halliburton EVP Van Beckwith sold 54,348 shares on January 23 at an average price of $34.96 for about $1.90M, reducing his stake by 13.63% to 344,535 shares, as disclosed in an SEC filing.
- Quarterly results: Halliburton beat expectations with EPS of $0.69 versus $0.55 estimated and revenue of $5.66B (vs. $5.39B est.), while revenue rose 0.8% year-over-year and analysts project FY EPS of $2.64.
- Dividend and sentiment: The company pays a $0.17 quarterly dividend (annualized $0.68, ~2.0% yield), has a market cap around $28.8B, and an average analyst price target of $34.57 with a consensus rating of "Moderate Buy."
Halliburton Company (NYSE:HAL - Get Free Report) EVP Van Beckwith sold 54,348 shares of the business's stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $1,900,006.08. Following the transaction, the executive vice president owned 344,535 shares of the company's stock, valued at approximately $12,044,943.60. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Halliburton Stock Up 0.6%
HAL opened at $34.17 on Tuesday. The stock's 50 day moving average price is $29.13 and its 200 day moving average price is $25.42. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. The stock has a market cap of $28.75 billion, a P/E ratio of 22.63 and a beta of 0.78. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $35.55.
Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm's quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.
Halliburton Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, December 3rd. Halliburton's dividend payout ratio is currently 45.03%.
Institutional Investors Weigh In On Halliburton
Several large investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of Halliburton during the third quarter worth $25,000. Kelleher Financial Advisors purchased a new position in Halliburton in the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Halliburton during the 2nd quarter worth about $25,000. Strive Asset Management LLC acquired a new stake in Halliburton during the 3rd quarter worth about $31,000. Finally, Root Financial Partners LLC purchased a new stake in Halliburton during the third quarter valued at about $32,000. 85.23% of the stock is owned by institutional investors.
Analyst Ratings Changes
HAL has been the subject of several recent analyst reports. Redburn Partners set a $35.00 price objective on shares of Halliburton in a report on Monday, November 3rd. TD Cowen increased their price target on Halliburton from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Capital One Financial boosted their price objective on Halliburton from $25.00 to $35.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 21st. UBS Group upped their price objective on Halliburton from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Friday. Finally, HSBC set a $30.00 target price on Halliburton and gave the stock a "buy" rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $34.57.
View Our Latest Analysis on HAL
About Halliburton
(
Get Free Report)
Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
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