Traders sold shares of Halliburton (NYSE:HAL) on strength during trading on Wednesday. $40.48 million flowed into the stock on the tick-up and $70.64 million flowed out of the stock on the tick-down, for a money net flow of $30.16 million out of the stock. Of all companies tracked, Halliburton had the 25th highest net out-flow for the day. Halliburton traded up $0.14 for the day and closed at $46.24
HAL has been the subject of a number of research reports. Guggenheim raised shares of Halliburton from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. Piper Jaffray Companies set a $52.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $56.00 target price (up from $51.00) on shares of Halliburton in a report on Thursday, December 21st. Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Tuesday, December 26th. Finally, Royal Bank of Canada set a $60.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $59.09.
The stock has a market cap of $40,460.00, a price-to-earnings ratio of 124.97, a PEG ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. equities research analysts anticipate that Halliburton will post 2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. Halliburton’s dividend payout ratio (DPR) is presently 194.59%.
In other Halliburton news, EVP Robb L. Voyles sold 5,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $48.85, for a total value of $244,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy Mckeon sold 4,583 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total transaction of $251,835.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,922 shares of company stock valued at $6,706,509. 0.47% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of HAL. Calton & Associates Inc. purchased a new position in Halliburton in the fourth quarter valued at about $128,000. Cerebellum GP LLC purchased a new position in Halliburton in the fourth quarter valued at about $131,000. Icon Wealth Partners LLC purchased a new position in Halliburton in the fourth quarter valued at about $147,000. Fuller & Thaler Asset Management Inc. purchased a new position in Halliburton in the third quarter valued at about $184,000. Finally, Nicolet Bankshares Inc. purchased a new position in Halliburton in the fourth quarter valued at about $193,000. 80.39% of the stock is owned by institutional investors.
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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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