Investors bought shares of Halliburton Co. (NYSE:HAL) on weakness during trading on Wednesday. $154.25 million flowed into the stock on the tick-up and $104.34 million flowed out of the stock on the tick-down, for a money net flow of $49.91 million into the stock. Of all companies tracked, Halliburton had the highest net in-flow for the day. Halliburton traded down ($0.71) for the day and closed at $44.28

Several analysts recently commented on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of Halliburton in a report on Wednesday, March 23rd. Royal Bank Of Canada restated a “buy” rating and set a $42.00 price target on shares of Halliburton in a report on Wednesday, March 23rd. Barclays PLC raised their price target on shares of Halliburton from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, March 28th. Simmons restated a “buy” rating and set a $43.00 price target (up from $37.50) on shares of Halliburton in a report on Monday, March 28th. Finally, Sanford C. Bernstein decreased their price target on shares of Halliburton from $70.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, March 28th. Eight equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.81.

The stock has a 50-day moving average of $44.42 and a 200 day moving average of $37.73. The company’s market cap is $38.05 billion.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business earned $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the company posted $0.44 EPS. The firm’s revenue was down 35.2% on a year-over-year basis. Analysts forecast that Halliburton Co. will post ($0.24) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, September 2nd.

In other Halliburton news, insider James S. Brown sold 25,400 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $39.66, for a total transaction of $1,007,364.00. Following the transaction, the insider now owns 281,504 shares in the company, valued at approximately $11,164,448.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Jeffrey Allen Miller sold 19,776 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $45.00, for a total value of $889,920.00. Following the transaction, the president now owns 319,403 shares in the company, valued at approximately $14,373,135. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Airain ltd boosted its position in Halliburton by 39.6% in the fourth quarter. Airain ltd now owns 75,837 shares of the oilfield services company’s stock valued at $2,581,000 after buying an additional 21,528 shares during the last quarter. Snow Capital Management LP boosted its position in Halliburton by 14.3% in the fourth quarter. Snow Capital Management LP now owns 1,346,996 shares of the oilfield services company’s stock valued at $45,852,000 after buying an additional 168,528 shares during the last quarter. KBC Group NV boosted its position in Halliburton by 22.3% in the fourth quarter. KBC Group NV now owns 192,118 shares of the oilfield services company’s stock valued at $6,540,000 after buying an additional 35,069 shares during the last quarter. Morningstar Investment Services LLC boosted its position in Halliburton by 14.6% in the fourth quarter. Morningstar Investment Services LLC now owns 115,826 shares of the oilfield services company’s stock valued at $3,943,000 after buying an additional 14,742 shares during the last quarter. Finally, Affinity Investment Advisors LLC boosted its position in Halliburton by 1.1% in the fourth quarter. Affinity Investment Advisors LLC now owns 293,165 shares of the oilfield services company’s stock valued at $9,979,000 after buying an additional 3,182 shares during the last quarter.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.

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