Halliburton Company (HAL) Short Interest Update

Halliburton Company (NYSE:HAL) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 22,493,194 shares, a decrease of 20.6% from the October 13th total of 28,337,831 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average trading volume of 9,117,866 shares, the days-to-cover ratio is presently 2.5 days.

Shares of Halliburton (HAL) opened at $42.94 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $37,470.00, a PE ratio of 61.07, a price-to-earnings-growth ratio of 4.82 and a beta of 1.05. Halliburton has a twelve month low of $38.18 and a twelve month high of $58.78.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the 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 return on equity of 6.93% and a net margin of 1.13%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. sell-side analysts forecast that Halliburton will post 1.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Wednesday, December 6th. Halliburton’s payout ratio is 300.00%.

In related news, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the sale, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Perigon Wealth Management LLC raised its stake in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after purchasing an additional 17 shares during the last quarter. Ledyard National Bank raised its position in Halliburton by 6.5% during the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. raised its position in Halliburton by 5.0% during the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares in the last quarter. Independent Portfolio Consultants Inc. raised its position in Halliburton by 87.6% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Estabrook Capital Management raised its position in Halliburton by 82.8% during the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after acquiring an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 79.94% of the company’s stock.

HAL has been the topic of a number of recent analyst reports. Loop Capital reiterated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. ValuEngine lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. J P Morgan Chase & Co reduced their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Finally, Cowen and Company set a $50.00 target price on Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $57.55.

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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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