Halliburton Co. (HAL) Sets New 52-Week High at $46.88
Halliburton Co. (NYSE:HAL) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $46.88 and last traded at $46.86, with a volume of 4,780,882 shares trading hands. The stock had previously closed at $46.46.
HAL has been the topic of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $43.00 price objective on shares of Halliburton in a research note on Monday, April 25th. Citigroup Inc. boosted their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, April 25th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “strong sell” rating in a research note on Monday, April 25th. KeyCorp reaffirmed a “buy” rating on shares of Halliburton in a research note on Monday, April 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $38.00 price target on shares of Halliburton in a research note on Monday, April 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.17.
The firm’s market cap is $40.34 billion. The stock has a 50 day moving average of $44.20 and a 200-day moving average of $39.63.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. The business earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s quarterly revenue was down 35.2% on a year-over-year basis. Equities analysts predict that Halliburton Co. will post ($0.18) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.54%.
In other news, President Jeffrey Allen Miller sold 19,776 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $45.00, for a total transaction of $889,920.00. Following the completion of the transaction, the president now owns 319,403 shares in the company, valued at $14,373,135. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Several hedge funds and institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in shares of Halliburton by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,520,388 shares of the oilfield services company’s stock worth $85,795,000 after buying an additional 82,208 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Halliburton by 2.8% in the fourth quarter. BlackRock Advisors LLC now owns 1,616,821 shares of the oilfield services company’s stock worth $55,037,000 after buying an additional 43,436 shares during the last quarter. Airain ltd raised its position in shares of Halliburton by 39.6% in the fourth quarter. Airain ltd now owns 75,837 shares of the oilfield services company’s stock worth $2,581,000 after buying an additional 21,528 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Halliburton by 22.3% in the fourth quarter. KBC Group NV now owns 192,118 shares of the oilfield services company’s stock worth $6,540,000 after buying an additional 35,069 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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