Halliburton Co. (NYSE:HAL) had its target price boosted by Citigroup Inc. from $52.00 to $57.00 in a report issued on Tuesday. They currently have a buy rating on the oilfield services company’s stock.
Other equities research analysts also recently issued reports about the company. Johnson Rice reissued an accumulate rating on shares of Halliburton in a research note on Monday, July 25th. Goldman Sachs Group Inc. reissued a buy rating and issued a $46.00 price objective on shares of Halliburton in a research note on Wednesday, June 15th. Vetr downgraded Halliburton from a strong-buy rating to a buy rating and set a $50.00 price objective for the company. in a research note on Wednesday, June 22nd. Jefferies Group reissued a buy rating and issued a $56.00 price objective (up from $47.00) on shares of Halliburton in a research note on Monday, July 11th. Finally, Deutsche Bank AG increased their price objective on Halliburton from $49.00 to $50.00 and gave the stock a buy rating in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $47.17.
Halliburton (NYSE:HAL) traded up 0.30% during trading on Tuesday, reaching $46.78. The company had a trading volume of 2,378,065 shares. The company’s market capitalization is $40.28 billion. Halliburton has a 12 month low of $27.64 and a 12 month high of $47.64. The stock has a 50 day moving average of $43.53 and a 200-day moving average of $42.37.
Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The business earned $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $0.44 earnings per share. Halliburton’s revenue was down 35.2% compared to the same quarter last year. Equities research analysts expect that Halliburton will post ($0.18) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.54%. Halliburton’s dividend payout ratio (DPR) is currently -10.86%.
Several large investors have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. boosted its stake in Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock valued at $103,000 after buying an additional 772 shares during the period. Quadrant Capital Group LLC boosted its stake in Halliburton by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock valued at $104,000 after buying an additional 379 shares during the period. Manchester Capital Management LLC boosted its stake in Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 9 shares during the period. Citizens Financial Group Inc RI boosted its stake in Halliburton by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock valued at $117,000 after buying an additional 648 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Halliburton during the second quarter valued at approximately $120,000. 79.64% of the stock is owned by institutional investors.
Halliburton Company Profile