Halliburton (NYSE:HAL) had its price objective trimmed by Wells Fargo & Co from $30.00 to $26.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. The firm currently has an outperform rating on the oilfield services company’s stock.

Several other research analysts also recently weighed in on HAL. Barclays decreased their target price on shares of Halliburton from $33.00 to $31.00 and set an overweight rating for the company in a research note on Tuesday, July 23rd. Stephens reduced their price objective on shares of Halliburton from $45.00 to $35.00 and set an overweight rating on the stock in a research note on Tuesday, July 23rd. Bank of America reduced their price objective on shares of Halliburton from $24.00 to $23.00 and set a buy rating on the stock in a research note on Thursday, September 5th. Piper Jaffray Companies set a $26.00 price objective on shares of Halliburton and gave the company a buy rating in a research note on Monday, July 1st. Finally, Edward Jones downgraded shares of Halliburton from a buy rating to a hold rating in a research note on Monday, June 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $37.65.

Shares of HAL stock opened at $20.27 on Thursday. The company has a market capitalization of $17.30 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.37. The firm has a fifty day simple moving average of $19.70 and a 200-day simple moving average of $24.59. The company has a current ratio of 2.26, a quick ratio of 1.59 and a debt-to-equity ratio of 1.16. Halliburton has a twelve month low of $16.97 and a twelve month high of $42.57.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts predict that Halliburton will post 1.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.55%. Halliburton’s dividend payout ratio (DPR) is 37.89%.

In other news, Director William E. Albrecht acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of $19.35 per share, with a total value of $154,800.00. Following the acquisition, the director now directly owns 16,000 shares in the company, valued at $309,600. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Halliburton by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 66,260,319 shares of the oilfield services company’s stock worth $1,506,759,000 after acquiring an additional 210,596 shares during the period. BlackRock Inc. grew its position in Halliburton by 8.3% in the 2nd quarter. BlackRock Inc. now owns 64,046,975 shares of the oilfield services company’s stock valued at $1,456,428,000 after buying an additional 4,911,686 shares in the last quarter. Sanders Capital LLC grew its position in Halliburton by 3.3% in the 2nd quarter. Sanders Capital LLC now owns 23,928,402 shares of the oilfield services company’s stock valued at $600,813,000 after buying an additional 773,300 shares in the last quarter. Pzena Investment Management LLC grew its position in Halliburton by 89.8% in the 2nd quarter. Pzena Investment Management LLC now owns 23,591,540 shares of the oilfield services company’s stock valued at $536,472,000 after buying an additional 11,163,777 shares in the last quarter. Finally, Northern Trust Corp grew its position in Halliburton by 0.9% in the 2nd quarter. Northern Trust Corp now owns 10,546,308 shares of the oilfield services company’s stock valued at $239,822,000 after buying an additional 98,808 shares in the last quarter. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: What is a Market Correction?

Analyst Recommendations 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.