Halliburton Co. (HAL) Shares Down 3.7%
Halliburton Co. (NYSE:HAL) was down 3.7% during mid-day trading on Monday . The company traded as low as $44.96 and last traded at $45.12, with a volume of 5,012,463 shares trading hands. The stock had previously closed at $46.85.
A number of equities research analysts have issued reports on HAL shares. Goldman Sachs Group Inc. restated a “buy” rating and set a $46.00 price objective on shares of Halliburton in a research report on Monday, May 9th. Citigroup Inc. upped their price objective on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, April 25th. Vetr upgraded Halliburton from a “buy” rating to a “strong-buy” rating and set a $46.33 price target on the stock in a report on Tuesday, May 17th. Howard Weil increased their price target on Halliburton from $37.00 to $45.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 15th. Finally, BMO Capital Markets set a $50.00 price target on Halliburton and gave the stock a “buy” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.17.
The company’s market cap is $38.82 billion. The firm has a 50-day moving average of $44.20 and a 200 day moving average of $39.63.
Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. During the same period in the previous year, the company posted $0.44 earnings per share. The business earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Halliburton’s quarterly revenue was down 35.2% on a year-over-year basis. On average, equities analysts predict that Halliburton Co. will post ($0.18) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 2nd. This represents a $0.72 annualized dividend and a yield of 1.60%.
In related news, President Jeffrey Allen Miller sold 19,776 shares of the stock in a transaction dated Tuesday, June 7th. The shares were 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 directly owns 319,403 shares of the company’s stock, valued at $14,373,135. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Other hedge funds and institutional investors have recently bought and sold shares of the company. 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 in the last quarter. 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 in the last quarter. BlackRock Advisors LLC boosted its position in Halliburton by 2.8% in the fourth quarter. BlackRock Advisors LLC now owns 1,616,821 shares of the oilfield services company’s stock valued at $55,037,000 after buying an additional 43,436 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in 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 valued at $85,795,000 after buying an additional 82,208 shares in 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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