Halliburton (HAL) Announces Quarterly Earnings Results

Halliburton (NYSE:HAL) posted its earnings results on Tuesday. The oilfield services company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04, RTT News reports. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.87 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. Halliburton’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS.

NYSE HAL opened at $32.25 on Tuesday. The firm has a market cap of $28.25 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. Halliburton has a one year low of $24.70 and a one year high of $57.86. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 1.16.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Investors of record on Thursday, December 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, December 5th. Halliburton’s payout ratio is currently 59.02%.

In other Halliburton news, VP Anne L. Beaty sold 2,548 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total value of $75,115.04. Following the completion of the sale, the vice president now owns 56,663 shares in the company, valued at $1,670,425.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anne L. Beaty sold 1,210 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $36.23, for a total value of $43,838.30. The disclosure for this sale can be found here. Insiders sold a total of 12,787 shares of company stock worth $404,538 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Halliburton by 644.7% during the third quarter. Franklin Resources Inc. now owns 14,927,010 shares of the oilfield services company’s stock valued at $604,991,000 after acquiring an additional 12,922,480 shares in the last quarter. Dodge & Cox raised its holdings in shares of Halliburton by 73,106.2% during the third quarter. Dodge & Cox now owns 6,734,967 shares of the oilfield services company’s stock valued at $272,968,000 after acquiring an additional 6,725,767 shares in the last quarter. Sanders Capital LLC raised its holdings in shares of Halliburton by 24.8% during the third quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock valued at $883,006,000 after acquiring an additional 3,932,014 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Halliburton by 24.6% during the third quarter. Macquarie Group Ltd. now owns 18,166,419 shares of the oilfield services company’s stock valued at $736,285,000 after acquiring an additional 3,586,694 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Halliburton by 62.6% during the third quarter. Capital International Investors now owns 8,644,460 shares of the oilfield services company’s stock valued at $350,360,000 after acquiring an additional 3,328,011 shares in the last quarter. Hedge funds and other institutional investors own 78.04% of the company’s stock.

A number of brokerages recently weighed in on HAL. Zacks Investment Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Monday, September 24th. Wells Fargo & Co cut their target price on shares of Halliburton from $58.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, October 3rd. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. HSBC cut their target price on shares of Halliburton to $51.00 and set a “buy” rating for the company in a research report on Monday, October 8th. Finally, Barclays set a $52.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and an average price target of $49.68.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Earnings History for Halliburton (NYSE:HAL)

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