Traders Sell Shares of Halliburton Company (HAL) on Strength (HAL)
Investors sold shares of Halliburton Company (NYSE:HAL) on strength during trading hours on Thursday. $28.86 million flowed into the stock on the tick-up and $74.49 million flowed out of the stock on the tick-down, for a money net flow of $45.63 million out of the stock. Of all stocks tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.30 for the day and closed at $38.97
HAL has been the topic of several analyst reports. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Halliburton in a report on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of Halliburton in a report on Thursday, July 20th. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton in a report on Monday, June 26th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Halliburton in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $59.13.
The company’s market cap is $33.91 billion. The stock has a 50 day moving average price of $41.19 and a 200 day moving average price of $45.91.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Halliburton’s revenue for the quarter was up 29.3% on a year-over-year basis. Equities analysts expect that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be given a $0.18 dividend. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Halliburton’s payout ratio is -423.50%.
Large investors have recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Halliburton during the first quarter worth approximately $100,000. Perigon Wealth Management LLC increased its stake in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the period. Ledyard National Bank increased its stake in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares during the period. Bbva Compass Bancshares Inc. increased its stake in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the period. Institutional investors own 79.52% of the company’s stock.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.