Halliburton (NYSE:HAL) shares gapped down prior to trading on Friday . The stock had previously closed at $22.66, but opened at $22.17. Halliburton shares last traded at $21.29, with a volume of 16436453 shares.

Several research analysts have issued reports on the stock. ValuEngine lowered shares of Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. UBS Group set a $36.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Seaport Global Securities set a $49.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley set a $40.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, SunTrust Banks decreased their price target on shares of Halliburton to $39.00 and set an “average” rating on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.71.

The company has a current ratio of 2.22, a quick ratio of 1.57 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $19.38 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.19 and a beta of 1.14.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was down .1% on a year-over-year basis. As a group, equities research analysts predict that Halliburton will post 1.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, June 4th. Halliburton’s dividend payout ratio (DPR) is currently 37.89%.

In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of Halliburton stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction of $168,002.10. Following the completion of the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.61% of the company’s stock.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc boosted its stake in shares of Halliburton by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 64,076,786 shares of the oilfield services company’s stock valued at $2,597,032,000 after buying an additional 791,500 shares during the period. BlackRock Inc. lifted its stake in shares of Halliburton by 2.6% in the 4th quarter. BlackRock Inc. now owns 59,501,439 shares of the oilfield services company’s stock valued at $1,581,547,000 after purchasing an additional 1,502,255 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Halliburton by 10.8% in the 1st quarter. Macquarie Group Ltd. now owns 23,290,891 shares of the oilfield services company’s stock valued at $682,423,000 after purchasing an additional 2,263,507 shares during the last quarter. Sanders Capital LLC lifted its stake in shares of Halliburton by 7.6% in the 1st quarter. Sanders Capital LLC now owns 23,155,102 shares of the oilfield services company’s stock valued at $747,984,000 after purchasing an additional 1,642,600 shares during the last quarter. Finally, Harris Associates L P acquired a new stake in shares of Halliburton in the 4th quarter valued at $336,506,000. 77.46% of the stock is owned by institutional investors.

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About Halliburton (NYSE:HAL)

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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