Barclays reissued their equal weight rating on shares of Halliburton (NYSE:HAL – Free Report) in a research note released on Wednesday morning, Marketbeat.com reports. Barclays currently has a $33.00 price objective on the oilfield services company’s stock, down from their prior price objective of $43.00.
Several other analysts also recently weighed in on the company. Stifel Nicolaus dropped their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Morgan Stanley decreased their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Jefferies Financial Group reduced their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Bank of America cut their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.58.
Read Our Latest Stock Report on HAL
Halliburton Stock Down 0.6 %
Halliburton (NYSE:HAL – Get Free Report) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Analysts predict that Halliburton will post 3 EPS for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.62%. Halliburton’s payout ratio is 23.69%.
Institutional Trading of Halliburton
Hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Halliburton by 3.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,629 shares of the oilfield services company’s stock worth $764,000 after acquiring an additional 675 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Halliburton by 0.5% during the second quarter. Nisa Investment Advisors LLC now owns 93,233 shares of the oilfield services company’s stock worth $3,149,000 after buying an additional 441 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Halliburton in the second quarter valued at $330,000. &PARTNERS lifted its stake in Halliburton by 17.6% during the 2nd quarter. &PARTNERS now owns 15,845 shares of the oilfield services company’s stock worth $535,000 after acquiring an additional 2,373 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Halliburton by 4.1% during the 2nd quarter. New York State Teachers Retirement System now owns 945,773 shares of the oilfield services company’s stock worth $31,948,000 after acquiring an additional 37,613 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.
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.
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