Jefferies Financial Group Comments on Halliburton’s Q4 2019 Earnings (HAL)
Halliburton (NYSE:HAL) – Investment analysts at Jefferies Financial Group reduced their Q4 2019 earnings estimates for Halliburton in a research report issued to clients and investors on Friday, April 5th. Jefferies Financial Group analyst B. Handler now expects that the oilfield services company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.40.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS.
Halliburton stock opened at $30.81 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.69 and a current ratio of 2.32. Halliburton has a 12 month low of $24.70 and a 12 month high of $54.91. The firm has a market capitalization of $27.03 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.99 and a beta of 1.17.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.34%. The ex-dividend date was Tuesday, March 5th. Halliburton’s dividend payout ratio is currently 37.89%.
In other news, CFO Lance Loeffler sold 5,926 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction of $168,002.10. Following 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 legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Dimensional Fund Advisors LP lifted its position in Halliburton by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,954,007 shares of the oilfield services company’s stock worth $79,196,000 after acquiring an additional 81,529 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Halliburton by 4.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,562 shares of the oilfield services company’s stock worth $3,671,000 after purchasing an additional 4,031 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Halliburton by 11.1% during the 3rd quarter. Riverhead Capital Management LLC now owns 21,041 shares of the oilfield services company’s stock worth $853,000 after purchasing an additional 2,103 shares during the last quarter. LPL Financial LLC lifted its position in shares of Halliburton by 8.2% during the 3rd quarter. LPL Financial LLC now owns 176,748 shares of the oilfield services company’s stock worth $7,164,000 after purchasing an additional 13,463 shares during the last quarter. Finally, Capital International Inc. CA boosted its stake in Halliburton by 151.1% during the 3rd quarter. Capital International Inc. CA now owns 16,320 shares of the oilfield services company’s stock valued at $661,000 after purchasing an additional 9,820 shares during the period. 80.94% of the stock is currently owned by hedge funds and other institutional investors.
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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