Key Points
- Insider sale: VP Timothy Mckeon sold 3,846 shares on March 6 at an average price of $34.37 for $132,187, cutting his stake by 4.5% to 81,631 shares valued at about $2.81M.
- Quarterly results: Halliburton reported $0.69 EPS (vs. $0.55 expected) and $5.66B revenue (vs. $5.39B expected), and analysts forecast about $2.64 EPS for the fiscal year.
- Dividends and market view: The company declared a $0.17 quarterly dividend (2.0% yield), the stock trades near $34.60 with a $28.98B market cap, and analysts hold a consensus "Moderate Buy" with a $35.38 target.
Halliburton Company (NYSE:HAL - Get Free Report) VP Timothy Mckeon sold 3,846 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the sale, the vice president owned 81,631 shares in the company, valued at $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Halliburton Trading Up 1.6%
Shares of NYSE:HAL opened at $34.60 on Tuesday. The company has a 50 day moving average of $33.43 and a 200-day moving average of $28.14. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The firm has a market cap of $28.98 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.03 and a beta of 0.73. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.03.
Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. As a group, analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.
Halliburton Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. Halliburton's dividend payout ratio (DPR) is 45.03%.
Institutional Investors Weigh In On Halliburton
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vermillion Wealth Management Inc. boosted its position in shares of Halliburton by 24.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company's stock valued at $41,000 after purchasing an additional 289 shares during the period. Coldstream Capital Management Inc. increased its stake in Halliburton by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company's stock worth $659,000 after purchasing an additional 349 shares in the last quarter. Harbour Investments Inc. raised its holdings in Halliburton by 7.3% during the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company's stock worth $150,000 after buying an additional 361 shares during the period. Kingsview Wealth Management LLC lifted its stake in Halliburton by 3.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company's stock valued at $293,000 after buying an additional 365 shares in the last quarter. Finally, Clearstead Trust LLC lifted its stake in Halliburton by 7.4% during the third quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company's stock valued at $132,000 after buying an additional 370 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Halliburton in a report on Monday, December 29th. Citigroup boosted their price target on shares of Halliburton from $33.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, January 23rd. Rothschild & Co Redburn upped their price target on shares of Halliburton from $35.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, February 18th. Susquehanna lifted their price objective on shares of Halliburton from $36.00 to $40.00 and gave the stock a "positive" rating in a research note on Thursday, January 22nd. Finally, Zephirin Group downgraded shares of Halliburton from a "buy" rating to a "hold" rating and dropped their target price for the stock from $30.00 to $28.00 in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.38.
View Our Latest Report on HAL
Halliburton Company Profile
(
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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