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%.
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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