Traders sold shares of Halliburton (NYSE:HAL) on strength during trading hours on Wednesday. $53.69 million flowed into the stock on the tick-up and $87.88 million flowed out of the stock on the tick-down, for a money net flow of $34.19 million out of the stock. Of all stocks tracked, Halliburton had the 21st highest net out-flow for the day. Halliburton traded up $0.84 for the day and closed at $30.10

Several equities analysts recently weighed in on the company. Zacks Investment Research lowered Halliburton from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. UBS Group set a $40.00 price target on Halliburton and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Stifel Nicolaus set a $36.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, January 22nd. Royal Bank of Canada set a $48.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, Citigroup set a $39.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.50.

The firm has a market capitalization of $25.19 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.78 and a beta of 1.18. The company has a quick ratio of 1.69, a current ratio of 2.32 and a debt-to-equity ratio of 1.09.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Research analysts forecast that Halliburton will post 1.39 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Tuesday, March 5th. Halliburton’s dividend payout ratio is currently 37.89%.

In other news, CFO Lance Loeffler sold 5,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the transaction, the chief financial officer now directly owns 55,885 shares in the company, valued at approximately $1,584,339.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Anne L. Beaty sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the transaction, the vice president now owns 58,848 shares in the company, valued at $1,677,168. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,774 shares of company stock worth $280,167. Insiders own 0.54% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAL. First Trust Advisors LP lifted its holdings in Halliburton by 44.1% in the third quarter. First Trust Advisors LP now owns 90,962 shares of the oilfield services company’s stock valued at $3,687,000 after acquiring an additional 27,858 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Halliburton by 75.0% in the third quarter. Private Advisor Group LLC now owns 22,029 shares of the oilfield services company’s stock valued at $893,000 after acquiring an additional 9,444 shares during the last quarter. MML Investors Services LLC raised its position in Halliburton by 63.9% in the third quarter. MML Investors Services LLC now owns 31,529 shares of the oilfield services company’s stock valued at $1,278,000 after purchasing an additional 12,290 shares during the period. Alliancebernstein L.P. raised its position in Halliburton by 0.3% in the third quarter. Alliancebernstein L.P. now owns 1,437,311 shares of the oilfield services company’s stock valued at $58,254,000 after purchasing an additional 3,792 shares during the period. Finally, Janus Henderson Group PLC raised its position in Halliburton by 44.9% in the third quarter. Janus Henderson Group PLC now owns 1,379,908 shares of the oilfield services company’s stock valued at $55,925,000 after purchasing an additional 427,400 shares during the period. Hedge funds and other institutional investors own 80.05% of the company’s stock.

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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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