Halliburton Company Target of Unusually Large Options Trading (HAL)
Halliburton Company (NYSE:HAL) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 1,568 call options on the company. This represents an increase of 125% compared to the average daily volume of 697 call options.
A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Halliburton Company from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Royal Bank Of Canada set a $65.00 price target on shares of Halliburton Company and gave the company a “buy” rating in a research report on Saturday. HSBC Holdings plc restated a “buy” rating and set a $62.00 price target (down from $65.00) on shares of Halliburton Company in a research report on Thursday, June 22nd. Barclays PLC reaffirmed an “overweight” rating on shares of Halliburton Company in a report on Monday. Finally, ValuEngine downgraded shares of Halliburton Company from a “hold” rating to a “sell” rating in a report on Saturday. Three analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton Company presently has an average rating of “Buy” and an average target price of $60.32.
Shares of Halliburton Company (NYSE:HAL) opened at 41.53 on Wednesday. The firm has a 50-day moving average of $45.50 and a 200 day moving average of $50.89. The company’s market capitalization is $36.04 billion. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78.
Halliburton Company (NYSE:HAL) last released its quarterly earnings data on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Halliburton Company had a negative net margin of 0.75% and a negative return on equity of 1.40%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the business earned $0.07 earnings per share. Halliburton Company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Halliburton Company will post $0.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.72 annualized dividend and a yield of 1.73%. Halliburton Company’s dividend payout ratio (DPR) is currently -18.32%.
In other news, Director Jeffrey Allen Miller sold 725 shares of the business’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $50.28, for a total transaction of $36,453.00. Following the completion of the transaction, the director now directly owns 299,777 shares in the company, valued at approximately $15,072,787.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William E. Albrecht purchased 8,000 shares of Halliburton Company stock in a transaction dated Monday, May 15th. The shares were purchased at an average price of $46.33 per share, with a total value of $370,640.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $370,640. The disclosure for this purchase can be found here. 0.47% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Causeway Capital Management LLC raised its position in Halliburton Company by 37.3% in the first quarter. Causeway Capital Management LLC now owns 2,231,872 shares of the oilfield services company’s stock valued at $125,998,000 after buying an additional 606,528 shares during the period. Perigon Wealth Management LLC raised its position in Halliburton Company by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares during the period. Columbia Partners L L C Investment Management acquired a new position in Halliburton Company during the first quarter valued at approximately $531,000. PHH Investments Ltd. acquired a new position in Halliburton Company during the first quarter valued at approximately $973,000. Finally, Piedmont Investment Advisors LLC raised its position in Halliburton Company by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 181,954 shares of the oilfield services company’s stock valued at $8,954,000 after buying an additional 1,581 shares during the period. Institutional investors and hedge funds own 79.48% of the company’s stock.
Halliburton Company 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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