Halliburton Company (NYSE:HAL) – Research analysts at Jefferies Group reduced their Q4 2017 earnings per share estimates for shares of Halliburton in a report issued on Thursday. Jefferies Group analyst B. Handler now forecasts that the oilfield services company will earn $0.47 per share for the quarter, down from their prior forecast of $0.48. Jefferies Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Halliburton’s FY2019 earnings at $3.10 EPS and FY2020 earnings at $4.80 EPS.
Other equities analysts have also issued reports about the company. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $52.00 price target on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 14th. FBR & Co dropped their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Finally, ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and an average target price of $57.36.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same period last year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.38%. Halliburton’s dividend payout ratio (DPR) is currently 300.00%.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the transaction, the chairman now owns 490,143 shares in the company, valued at approximately $21,419,249.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the transaction, the executive vice president now owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. Insiders have sold 106,147 shares of company stock valued at $4,723,895 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC lifted its position in shares of Halliburton by 439.9% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 946,218 shares of the oilfield services company’s stock valued at $42,854,000 after buying an additional 770,975 shares during the last quarter. Standard Life Investments LTD lifted its holdings in Halliburton by 9.7% during the 2nd quarter. Standard Life Investments LTD now owns 7,395,844 shares of the oilfield services company’s stock worth $315,913,000 after purchasing an additional 656,533 shares in the last quarter. CI Investments Inc. lifted its holdings in Halliburton by 2.5% during the 2nd quarter. CI Investments Inc. now owns 1,315,750 shares of the oilfield services company’s stock worth $56,196,000 after purchasing an additional 31,700 shares in the last quarter. Mitchell Group Inc. lifted its holdings in Halliburton by 24.0% during the 2nd quarter. Mitchell Group Inc. now owns 661,000 shares of the oilfield services company’s stock worth $28,231,000 after purchasing an additional 128,110 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after purchasing an additional 8,362 shares in the last quarter. 79.79% of the stock is currently owned by hedge funds and other institutional investors.
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Halliburton Company Profile
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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