Halliburton (NYSE:HAL) Given New $45.00 Price Target at BMO Capital Markets

Halliburton (NYSE:HAL) had its price target hoisted by BMO Capital Markets from $42.00 to $45.00 in a report issued on Wednesday,MarketScreener reports. They currently have a market perform rating on the oilfield services company’s stock.

A number of other equities analysts have also issued reports on the company. Susquehanna upped their target price on Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. Griffin Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, April 22nd. Zephirin Group increased their price target on Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Wednesday, April 22nd. UBS Group increased their price target on Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $47.00 price target on shares of Halliburton in a research note on Sunday, April 26th. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.05.

Halliburton Stock Down 1.8%

HAL opened at $40.97 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The stock has a market capitalization of $34.22 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 1.82 and a beta of 0.73. The business has a 50-day moving average of $37.97 and a two-hundred day moving average of $32.95. Halliburton has a 12 month low of $19.38 and a 12 month high of $42.46.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, research analysts expect that Halliburton will post 2.32 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Halliburton’s dividend payout ratio (DPR) is 37.36%.

Insider Transactions at Halliburton

In other Halliburton news, Director Tobi M. Young sold 6,125 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the sale, the director owned 15,250 shares of the company’s stock, valued at $636,230. This trade represents a 28.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the sale, the chief executive officer directly owned 1,013,027 shares in the company, valued at $40,521,080. This trade represents a 13.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 222,488 shares of company stock worth $8,789,305. Insiders own 0.57% of the company’s stock.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Contravisory Investment Management Inc. bought a new position in shares of Halliburton during the 4th quarter worth approximately $1,054,000. Bank of New York Mellon Corp lifted its position in shares of Halliburton by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock worth $145,860,000 after buying an additional 96,394 shares during the period. Ritholtz Wealth Management bought a new position in shares of Halliburton during the 3rd quarter worth approximately $1,775,000. Tejara Capital Ltd lifted its position in shares of Halliburton by 98.8% during the 3rd quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company’s stock worth $3,305,000 after buying an additional 66,765 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of Halliburton by 12.8% during the 3rd quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock worth $40,480,000 after buying an additional 186,105 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: BMO Capital Markets raised its price target on Halliburton to $45 from $42, signaling more upside potential even while it kept a “market perform” rating. The higher target reflects improved expectations after the company’s recent results. Article Title
• Positive Sentiment: Recent coverage highlighted Halliburton’s first-quarter earnings beat, driven by cost-cutting and disciplined capital spending, which reinforces confidence in margins and cash generation. Article Title
• Positive Sentiment: Investors are also reacting to Halliburton’s strategic move into new energy infrastructure through its participation in a $1 billion VoltaGrid investment, which could expand its exposure beyond traditional oilfield services. Article Title
• Neutral Sentiment: Analysts continue to debate whether Halliburton’s strong one-year rally has already priced in much of the good news, which may temper near-term upside even after the stock’s recent increase. Article Title
• Neutral Sentiment: Broader oilfield-services commentary remains constructive, with the sector viewed as well positioned in a higher oil-price environment, but this is an industry backdrop rather than a company-specific catalyst. Article Title

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.