Halliburton (NYSE:HAL) Receives $37.42 Average PT from Analysts

Halliburton (NYSE:HAL) has received an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $37.42.

A number of equities research analysts have recently commented on HAL shares. JPMorgan Chase & Co. dropped their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Barclays dropped their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. Finally, Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th.

Halliburton Stock Performance

NYSE HAL opened at $24.99 on Tuesday. The stock has a 50-day simple moving average of $26.37 and a two-hundred day simple moving average of $28.12. The firm has a market capitalization of $21.70 billion, a P/E ratio of 8.83, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. This represents a 28.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

Hedge funds have recently modified their holdings of the stock. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at $33,000. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at $36,000. Continuum Advisory LLC raised its stake in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at $38,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at $39,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.