Halliburton Company (HAL) to Distribute Quarterly Dividend of $0.17 on December 23rd

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Tuesday, November 10th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.17 per share by the oilfield services company on Wednesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, December 2nd.

Halliburton has raised its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 4 years. Halliburton has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Halliburton to earn $2.90 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 23.4%.

Halliburton Trading Up 3.4%

Halliburton stock opened at $32.94 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.48 and a current ratio of 2.02. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.76. Halliburton has a 1 year low of $24.92 and a 1 year high of $43.59. The firm’s 50 day moving average price is $33.84 and its two-hundred day moving average price is $35.74.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. On average, research analysts predict that Halliburton will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Argus cut their price objective on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Piper Sandler cut their price target on shares of Halliburton from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada boosted their price target on Halliburton from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 21st. Finally, Barclays reduced their target price on Halliburton from $53.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well. Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.