Halliburton Company (NYSE:HAL) announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05, Morningstar.com reports. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Halliburton’s revenue was up 29.3% compared to the same quarter last year.
Shares of Halliburton (NYSE:HAL) traded up 0.78% on Friday, hitting $38.99. The company had a trading volume of 8,868,248 shares. Halliburton has a 1-year low of $38.18 and a 1-year high of $58.78. The firm’s market capitalization is $33.98 billion. The company has a 50 day moving average price of $42.27 and a 200 day moving average price of $47.14.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s payout ratio is currently -423.50%.
Several large investors have recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Halliburton during the first quarter valued at about $100,000. Perigon Wealth Management LLC boosted its stake in shares of Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares during the period. Ledyard National Bank boosted its stake in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares during the period. Bbva Compass Bancshares Inc. boosted its stake in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in shares of Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares during the period. 78.54% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the stock. Royal Bank Of Canada set a $65.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group restated an “outperform” rating and issued a $55.00 target price (down previously from $60.00) on shares of Halliburton in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of Halliburton in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $59.60.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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