Halliburton Company (NYSE:HAL) released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05, Morningstar.com reports. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) earnings per share.
Halliburton (HAL) opened at 40.02 on Friday. Halliburton has a one year low of $40.00 and a one year high of $58.78. The firm’s market capitalization is $34.88 billion. The stock’s 50 day moving average is $42.63 and its 200-day moving average is $47.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio is currently -423.50%.
In other news, Director William E. Albrecht acquired 8,000 shares of Halliburton stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the purchase, the director now owns 8,000 shares in the company, valued at $370,640. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd boosted its stake in Halliburton by 1,284.9% in the fourth quarter. Quadrature Capital Ltd now owns 223,910 shares of the oilfield services company’s stock valued at $12,114,000 after buying an additional 207,742 shares during the last quarter. Wealthfront Inc. boosted its stake in Halliburton by 21.1% in the fourth quarter. Wealthfront Inc. now owns 23,390 shares of the oilfield services company’s stock valued at $1,265,000 after buying an additional 4,073 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in Halliburton during the fourth quarter valued at about $109,000. USA Financial Portformulas Corp acquired a new stake in shares of Halliburton during the fourth quarter valued at $3,828,000. Finally, Teachers Advisors LLC boosted its stake in shares of Halliburton by 16.2% in the fourth quarter. Teachers Advisors LLC now owns 1,286,315 shares of the oilfield services company’s stock valued at $69,577,000 after buying an additional 179,605 shares in the last quarter. Hedge funds and other institutional investors own 79.67% of the company’s stock.
HAL has been the topic of several recent analyst reports. HSBC Holdings plc initiated coverage on Halliburton in a report on Wednesday, April 19th. They issued a “buy” rating and a $65.00 target price on the stock. Sanford C. Bernstein restated a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Halliburton in a research report on Saturday, July 22nd. Barclays PLC restated an “overweight” rating on shares of Halliburton in a research report on Monday, June 26th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Halliburton in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.60.
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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