Halliburton Company (NYSE:HAL) EVP Robb L. Voyles sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $48.85, for a total transaction of $244,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Halliburton Company (HAL) opened at $51.63 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The firm has a market cap of $44,063.32, a P/E ratio of 215.13, a P/E/G ratio of 2.93 and a beta of 1.03. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. Halliburton’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. analysts predict that Halliburton Company will post 1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is 300.01%.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Estabrook Capital Management increased its stake in Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after purchasing an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after purchasing an additional 2,243 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Halliburton by 4.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock valued at $182,000 after purchasing an additional 167 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Halliburton in the third quarter valued at approximately $184,000. Finally, Krilogy Financial LLC increased its stake in Halliburton by 35.9% in the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock valued at $196,000 after purchasing an additional 1,212 shares in the last quarter. 79.79% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on HAL shares. JPMorgan Chase & Co. reduced their price target on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Citigroup boosted their target price on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $57.36.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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