Halliburton Co. (HAL) Trading Up 3.1%
Halliburton Co. (NYSE:HAL) shot up 3.1% on Thursday . The stock traded as high as $46.55 and last traded at $46.49, with a volume of 4,450,179 shares traded. The stock had previously closed at $45.10.
Several brokerages have weighed in on HAL. KeyCorp reiterated a “buy” rating on shares of Halliburton in a report on Monday, April 25th. Goldman Sachs Group Inc. restated a “buy” rating and set a $46.00 price objective on shares of Halliburton in a research note on Monday, May 9th. JPMorgan Chase & Co. restated a “buy” rating on shares of Halliburton in a research note on Wednesday, May 4th. Societe Generale cut Halliburton from a “buy” rating to a “hold” rating and upped their price objective for the stock from $46.00 to $50.00 in a research note on Monday, July 18th. Finally, Vetr cut 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $47.17.
The stock has a 50 day moving average of $44.20 and a 200-day moving average of $39.63. The firm’s market capitalization is $40.34 billion.
Halliburton (NYSE:HAL) last issued its 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 the consensus estimate of $3.76 billion. The business’s revenue was down 35.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. Equities analysts expect that Halliburton Co. will post ($0.17) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th will be issued 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 Halliburton stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $45.00, for a total transaction of $889,920.00. Following the sale, the president now owns 319,403 shares of the company’s stock, valued at $14,373,135. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Several large investors have added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake 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 worth $85,795,000 after buying an additional 82,208 shares during the period. BlackRock Advisors LLC boosted its stake 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 worth $55,037,000 after buying an additional 43,436 shares during the period. Airain ltd boosted its stake in 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 period. Snow Capital Management LP boosted its stake 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 worth $45,852,000 after buying an additional 168,528 shares during the period. Finally, KBC Group NV boosted its stake in 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 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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