Analysts Set Halliburton (NYSE:HAL) Price Target at $37.42

Halliburton (NYSE:HAL) has been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $37.42.

Several equities analysts recently commented on the company. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Jefferies Financial Group dropped their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Stifel Nicolaus dropped their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Evercore ISI dropped their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 over the last 90 days. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Halliburton

A number of hedge funds have recently added to or reduced their stakes in the company. Sanders Capital LLC lifted its position in shares of Halliburton by 1.6% during the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after acquiring an additional 375,054 shares during the period. Geode Capital Management LLC lifted its position in shares of Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock valued at $584,139,000 after acquiring an additional 908,271 shares during the period. Pacer Advisors Inc. lifted its position in shares of Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after acquiring an additional 2,171,722 shares during the period. Finally, Amundi lifted its position in shares of Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after acquiring an additional 2,378,043 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL opened at $24.99 on Tuesday. The firm has a market capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business’s fifty day moving average price is $26.37 and its 200 day moving average price is $28.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.