Halliburton Company (NYSE:HAL) Declares $0.17 Quarterly Dividend

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Halliburton has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Halliburton has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Halliburton to earn $2.89 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.5%.

Halliburton Price Performance

Shares of Halliburton stock opened at $42.03 on Friday. Halliburton has a twelve month low of $19.38 and a twelve month high of $43.59. The stock has a market capitalization of $35.11 billion, a P/E ratio of 23.09, a PEG ratio of 1.85 and a beta of 0.73. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $38.88 and its 200 day moving average price is $33.60.

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

Insider Buying and Selling at Halliburton

In other news, insider Michael Casey Maxwell sold 20,348 shares of Halliburton stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider directly owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. The trade was a 17.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of Halliburton stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total value of $8,189,830.21. Following the sale, the executive vice president directly owned 146,186 shares in the company, valued at approximately $6,036,019.94. The trade was a 57.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 420,837 shares of company stock valued at $16,979,135. Company insiders own 0.57% of the company’s stock.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Halliburton by 10.2% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after acquiring an additional 258 shares during the last quarter. Vermillion Wealth Management Inc. increased its position in shares of Halliburton by 24.8% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after acquiring an additional 289 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Halliburton by 1.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after buying an additional 349 shares during the last quarter. Harbour Investments Inc. increased its holdings in Halliburton by 7.3% in the fourth quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 361 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in Halliburton by 3.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after buying an additional 365 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

About Halliburton

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.