Halliburton Declares Quarterly Dividend of $0.18 (NYSE:HAL)

Halliburton (NYSE:HAL) announced a quarterly dividend on Monday, November 11th, RTT News reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.18 per share by the oilfield services company on Thursday, December 26th. This represents a $0.72 annualized dividend and a yield of 3.39%.

Shares of HAL traded up $0.02 during trading hours on Tuesday, hitting $21.27. The company had a trading volume of 111,754 shares, compared to its average volume of 13,344,879. The firm has a market cap of $18.68 billion, a P/E ratio of 11.23, a P/E/G ratio of 3.53 and a beta of 1.41. The stock’s 50 day moving average price is $19.47 and its 200 day moving average price is $21.62. The company has a quick ratio of 1.67, a current ratio of 2.39 and a debt-to-equity ratio of 1.13. Halliburton has a 52-week low of $16.97 and a 52-week high of $35.43.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 21st. The oilfield services company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.82 billion. Halliburton had a return on equity of 12.03% and a net margin of 5.12%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, research analysts expect that Halliburton will post 1.24 EPS for the current fiscal year.

A number of research analysts recently issued reports on HAL shares. Barclays downgraded Halliburton from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $31.00 to $23.00 in a report on Monday, September 16th. Stifel Nicolaus reduced their price target on Halliburton from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “strong sell” rating and set a $23.00 price target on the stock. in a report on Tuesday, November 5th. Citigroup reduced their price target on Halliburton from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, Credit Suisse Group reduced their price target on Halliburton from $33.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $30.88.

In other news, Director William E. Albrecht bought 8,000 shares of Halliburton stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $19.35 per share, for a total transaction of $154,800.00. Following the acquisition, the director now owns 16,000 shares of the company’s stock, valued at $309,600. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

About Halliburton

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.

Featured Story: Balance Sheet

Dividend History for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit