Halliburton Company (HAL) Price Target Raised to $54.00 at Citigroup Inc.
Halliburton Company (NYSE:HAL) had its price objective boosted by Citigroup Inc. from $52.00 to $54.00 in a research note published on Thursday morning. They currently have a buy rating on the oilfield services company’s stock.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Halliburton from a hold rating to a sell rating in a research report on Monday. ValuEngine upgraded Halliburton from a sell rating to a hold rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co decreased their price target on Halliburton from $60.00 to $55.00 and set an overweight rating on the stock in a research report on Tuesday, September 12th. Sanford C. Bernstein restated an outperform rating and set a $53.00 price target on shares of Halliburton in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC set a $56.00 price target on Halliburton and gave the stock a buy rating in a research report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $57.99.
Halliburton (HAL) traded down 0.75% on Thursday, reaching $44.75. The company had a trading volume of 11,162,207 shares. The company has a 50-day moving average of $41.74 and a 200 day moving average of $44.33. The stock’s market cap is $39.00 billion. Halliburton has a one year low of $38.18 and a one year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. Halliburton’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) EPS. On average, equities research analysts predict that Halliburton will post $1.11 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, September 1st. Halliburton’s dividend payout ratio is -423.50%.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total value of $1,705,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.46% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in HAL. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Halliburton in the 1st quarter valued at about $100,000. Perigon Wealth Management LLC grew its holdings in shares of Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares in the last quarter. Ledyard National Bank grew its holdings in shares of Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in shares of Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. grew its holdings in shares of Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares in the last quarter. Institutional investors own 79.51% of the company’s stock.
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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