Key Points
- Tobi Young sold 6,125 shares of Halliburton on April 30 at an average price of $41.72, cutting her stake by about 28.65% to 15,250 shares; the sale was disclosed in an SEC Form 4 filing.
- Halliburton slightly beat Q1 estimates with EPS of $0.55 (vs. $0.50) and revenue of $5.40 billion (vs. $5.37 billion) though revenue was down 0.3% year‑over‑year, and the stock is trading near its 12‑month high (~$42.46).
- Analysts hold a "Moderate Buy" consensus (17 Buys, 6 Holds, 1 Sell) with a $41.09 consensus price target; the company pays a $0.68 annualized dividend (1.6% yield) and about 85% of shares are institutionally owned.
Halliburton Company (NYSE:HAL - Get Free Report) Director Tobi Young sold 6,125 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director directly owned 15,250 shares of the company's stock, valued at $636,230. This represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Halliburton Stock Down 1.4%
HAL opened at $41.69 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The business has a 50 day simple moving average of $37.28 and a 200-day simple moving average of $32.00. The stock has a market capitalization of $34.83 billion, a P/E ratio of 22.91, a P/E/G ratio of 1.86 and a beta of 0.73. Halliburton Company has a 12 month low of $19.22 and a 12 month high of $42.46.
Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analysts' expectations of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. On average, equities analysts anticipate that Halliburton Company will post 2.31 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton's dividend payout ratio (DPR) is currently 37.36%.
Hedge Funds Weigh In On Halliburton
A number of institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its holdings in shares of Halliburton by 21.1% in the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company's stock worth $3,114,848,000 after acquiring an additional 19,190,520 shares during the last quarter. State Street Corp raised its holdings in shares of Halliburton by 1.7% in the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company's stock worth $1,436,336,000 after acquiring an additional 861,964 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Halliburton by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company's stock worth $878,806,000 after acquiring an additional 443,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company's stock worth $841,339,000 after acquiring an additional 29,735,387 shares during the last quarter. Finally, Sanders Capital LLC raised its holdings in shares of Halliburton by 9.4% in the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company's stock worth $639,715,000 after acquiring an additional 2,238,983 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Halliburton from $40.00 to $42.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 22nd. Griffin Securities upgraded Halliburton from a "neutral" rating to a "buy" rating and set a $47.00 target price on the stock in a research report on Wednesday, April 22nd. Capital One Financial boosted their target price on Halliburton from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Halliburton in a research report on Friday, April 10th. Finally, The Goldman Sachs Group boosted their target price on Halliburton from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, March 4th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.09.
Check Out Our Latest Stock Report on HAL
Key Headlines Impacting Halliburton
Here are the key news stories impacting Halliburton this week:
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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