Traders sold shares of Halliburton (NYSE:HAL) on strength during trading hours on Friday. $40.48 million flowed into the stock on the tick-up and $78.71 million flowed out of the stock on the tick-down, for a money net flow of $38.23 million out of the stock. Of all equities tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.20 for the day and closed at $38.63

HAL has been the topic of several research reports. Wells Fargo & Co restated a “buy” rating on shares of Halliburton in a research note on Friday, June 29th. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, June 26th. Citigroup cut their price target on Halliburton from $61.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. SunTrust Banks cut their price target on Halliburton to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. Finally, Credit Suisse Group set a $52.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Halliburton has an average rating of “Buy” and an average target price of $55.13.

The stock has a market cap of $33.56 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.29 and a beta of 1.01. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 1.18.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the business earned $0.23 EPS. Halliburton’s revenue for the quarter was up 24.0% compared to the same quarter last year. equities analysts predict that Halliburton will post 2.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Investors of record on Wednesday, September 5th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, September 4th. Halliburton’s payout ratio is currently 59.02%.

In related news, Director Murry Gerber acquired 5,800 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were bought at an average price of $40.66 per share, with a total value of $235,828.00. Following the completion of the transaction, the director now directly owns 60,961 shares in the company, valued at $2,478,674.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of HAL. Moors & Cabot Inc. boosted its holdings in Halliburton by 2.9% in the first quarter. Moors & Cabot Inc. now owns 34,491 shares of the oilfield services company’s stock worth $1,619,000 after acquiring an additional 969 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Halliburton by 1.2% in the second quarter. Xact Kapitalforvaltning AB now owns 93,786 shares of the oilfield services company’s stock worth $4,226,000 after acquiring an additional 1,105 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Halliburton by 58.5% in the second quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after acquiring an additional 1,116 shares in the last quarter. GWM Advisors LLC boosted its holdings in Halliburton by 8.1% in the second quarter. GWM Advisors LLC now owns 15,307 shares of the oilfield services company’s stock worth $681,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Halliburton by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,265 shares of the oilfield services company’s stock worth $2,805,000 after acquiring an additional 1,191 shares in the last quarter. 78.84% of the stock is currently owned by institutional investors.

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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