Halliburton to Issue Quarterly Dividend of $0.18 (NYSE:HAL)
Halliburton (NYSE:HAL) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Investors of record on Wednesday, March 4th will be given a dividend of 0.18 per share by the oilfield services company on Wednesday, March 25th. This represents a $0.72 annualized dividend and a yield of 3.24%.
Halliburton has a dividend payout ratio of 54.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Halliburton to earn $1.70 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 42.4%.
Shares of HAL traded up $0.06 during midday trading on Friday, reaching $22.25. The company had a trading volume of 76,306 shares, compared to its average volume of 11,933,225. Halliburton has a 1-year low of $16.97 and a 1-year high of $32.71. The stock has a market cap of $18.79 billion, a PE ratio of -17.41, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The firm has a 50 day simple moving average of $23.32 and a 200-day simple moving average of $21.12. The company has a quick ratio of 1.65, a current ratio of 2.30 and a debt-to-equity ratio of 1.39.
A number of equities analysts have recently weighed in on HAL shares. Bernstein Bank started coverage on Halliburton in a report on Tuesday, January 14th. They set a “market perform” rating and a $15.90 price target for the company. Cowen lowered their target price on Halliburton from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Citigroup raised their target price on Halliburton from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. BMO Capital Markets lowered Halliburton from an “outperform” rating to a “market perform” rating and set a $23.00 price target on the stock. in a research report on Wednesday, December 18th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $25.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Halliburton presently has a consensus rating of “Buy” and an average target price of $28.44.
In other news, CFO Lance Loeffler sold 10,105 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $21.51, for a total value of $217,358.55. Following the completion of the transaction, the chief financial officer now directly owns 83,559 shares of the company’s stock, valued at $1,797,354.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.
Halliburton Company Profile
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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