Halliburton Co. (HAL) Shares Down 0.9%
Halliburton Co. (NYSE:HAL)’s share price traded down 0.9% during mid-day trading on Wednesday . The company traded as low as $43.91 and last traded at $44.60, with a volume of 8,365,571 shares. The stock had previously closed at $44.99.
A number of equities analysts have issued reports on the company. Citigroup Inc. increased their target price on Halliburton from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. Stephens reiterated a “top pick” rating on shares of Halliburton in a report on Friday, July 15th. Societe Generale cut Halliburton from a “buy” rating to a “hold” rating and increased their target price for the stock from $46.00 to $50.00 in a report on Monday. Goldman Sachs Group Inc. restated a “buy” rating on shares of Halliburton in a research note on Tuesday, July 5th. Finally, Vetr downgraded shares of 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 Thursday, June 30th. 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’s stock. Halliburton has an average rating of “Buy” and an average target price of $46.69.
The firm’s 50 day moving average is $44.42 and its 200-day moving average is $37.73. The company’s market capitalization is $38.05 billion.
Halliburton (NYSE:HAL) last released its quarterly earnings data 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. During the same quarter in the prior year, the business posted $0.44 earnings per share. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. The firm’s revenue for the quarter was down 35.2% compared to the same quarter last year. On average, analysts predict that Halliburton Co. will post ($0.24) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders 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 dividend yield of 1.63%.
In related news, President Jeffrey Allen Miller sold 19,776 shares of the business’s stock in a transaction that occurred on 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 sale, the president now directly owns 319,403 shares in the company, valued at $14,373,135. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Carre sold 10,425 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $40.47, for a total transaction of $421,899.75. Following the sale, the executive vice president now owns 156,368 shares of the company’s stock, valued at $6,328,212.96. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Veritas Asset Management LLP raised its stake in shares of Halliburton by 3.6% in the fourth quarter. Veritas Asset Management LLP now owns 8,816,855 shares of the oilfield services company’s stock valued at $300,126,000 after buying an additional 303,800 shares during the period. LS Investment Advisors LLC raised its stake in shares of Halliburton by 1.8% in the fourth quarter. LS Investment Advisors LLC now owns 30,047 shares of the oilfield services company’s stock valued at $1,023,000 after buying an additional 524 shares during the period. BOKF NA raised its stake in shares of Halliburton by 3.4% in the fourth quarter. BOKF NA now owns 40,545 shares of the oilfield services company’s stock valued at $1,381,000 after buying an additional 1,325 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Halliburton during the fourth quarter valued at about $4,605,000. Finally, Moors & Cabot Inc. raised its stake in shares of Halliburton by 22.6% in the fourth quarter. Moors & Cabot Inc. now owns 33,238 shares of the oilfield services company’s stock valued at $1,127,000 after buying an additional 6,132 shares during the period.
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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