Halliburton Company (NYSE:HAL) Receives $43.32 Consensus PT from Analysts

Halliburton Company (NYSE:HAL) has received an average rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.1818.

A number of equities research analysts have commented on HAL shares. HSBC raised their target price on shares of Halliburton from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 price objective (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Wall Street Zen downgraded shares of Halliburton from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 3rd. Capital One Financial lifted their target price on shares of Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, May 20th. Finally, Barclays raised shares of Halliburton from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $37.00 to $55.00 in a report on Thursday, May 7th.

Insider Activity

In related news, EVP Van H. Beckwith sold 198,349 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at approximately $6,036,019.94. This represents a 57.57% 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, VP Timothy Mckeon sold 8,655 shares of Halliburton stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the sale, the vice president owned 72,976 shares in the company, valued at approximately $3,064,992. This represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,255 shares of company stock valued at $10,550,535 in the last three months. 0.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after buying an additional 40,969,139 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after purchasing an additional 29,735,387 shares in the last quarter. Norges Bank bought a new stake in Halliburton in the fourth quarter worth $169,304,000. Holocene Advisors LP bought a new stake in Halliburton in the third quarter worth $147,315,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Halliburton by 12,413.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,163,259 shares of the oilfield services company’s stock valued at $162,325,000 after purchasing an additional 4,129,988 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

NYSE HAL opened at $34.37 on Monday. The business’s fifty day moving average is $38.25 and its 200 day moving average is $36.08. Halliburton has a fifty-two week low of $20.17 and a fifty-two week high of $43.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The company has a market capitalization of $28.71 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 1.49 and a beta of 0.71.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping 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 business had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. Sell-side analysts predict that Halliburton will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. Halliburton’s dividend payout ratio is 37.36%.

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.