Investors sold shares of Halliburton (NYSE:HAL) on strength during trading hours on Friday. $40.48 million flowed into the stock on the tick-up and $78.71 million flowed out of the stock on the tick-down, for a money net flow of $38.23 million out of the stock. Of all equities tracked, Halliburton had the 27th highest net out-flow for the day. Halliburton traded up $0.20 for the day and closed at $38.63

Several equities research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Halliburton from $61.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, June 25th. Credit Suisse Group set a $51.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday, September 6th. Wells Fargo & Co upped their price target on shares of Halliburton from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, May 24th. Raymond James reduced their price target on shares of Halliburton from $62.00 to $59.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 24th. Finally, Royal Bank of Canada set a $54.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.13.

The firm has a market capitalization of $33.56 billion, a PE ratio of 31.66, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.72 and a current ratio of 2.24.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.12 billion. Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The company’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. analysts anticipate that Halliburton will post 2.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Investors of record on Wednesday, September 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, September 4th. Halliburton’s dividend payout ratio is 59.02%.

In other news, Director Murry Gerber bought 5,800 shares of Halliburton stock in a transaction that occurred on Thursday, July 26th. The stock was bought at an average cost of $40.66 per share, with a total value of $235,828.00. Following the acquisition, the director now owns 60,961 shares of the company’s stock, valued at approximately $2,478,674.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HAL. Russell Investments Group Ltd. grew its holdings in Halliburton by 337.5% during the 1st quarter. Russell Investments Group Ltd. now owns 2,710,195 shares of the oilfield services company’s stock valued at $126,669,000 after buying an additional 2,090,791 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in Halliburton by 95.2% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,232,427 shares of the oilfield services company’s stock valued at $198,668,000 after buying an additional 2,063,850 shares in the last quarter. Key Square Capital Management LLC grew its holdings in Halliburton by 204.2% during the 1st quarter. Key Square Capital Management LLC now owns 2,648,429 shares of the oilfield services company’s stock valued at $124,317,000 after buying an additional 1,777,722 shares in the last quarter. Natixis grew its holdings in Halliburton by 79.6% during the 2nd quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock valued at $169,931,000 after buying an additional 1,671,817 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Halliburton by 121.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,687,497 shares of the oilfield services company’s stock valued at $121,099,000 after buying an additional 1,475,332 shares in the last quarter. 78.84% of the stock is owned by institutional investors.

About Halliburton (NYSE:HAL)

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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