Halliburton (NYSE:HAL) – Equities research analysts at Griffin Securities boosted their Q3 2021 EPS estimates for shares of Halliburton in a research note issued to investors on Tuesday, July 20th. Griffin Securities analyst K. Simpson now forecasts that the oilfield services company will earn $0.29 per share for the quarter, up from their prior estimate of $0.27. Griffin Securities also issued estimates for Halliburton’s Q4 2021 earnings at $0.33 EPS, FY2021 earnings at $1.06 EPS, Q1 2022 earnings at $0.33 EPS, Q2 2022 earnings at $0.37 EPS, Q3 2022 earnings at $0.41 EPS, Q4 2022 earnings at $0.45 EPS and FY2022 earnings at $1.57 EPS.
Other research analysts have also recently issued reports about the company. Barclays upped their price target on Halliburton from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their price target on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 25th. The Goldman Sachs Group upgraded Halliburton from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.53 to $26.00 in a research note on Wednesday. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Monday, April 12th. Finally, Exane BNP Paribas upgraded Halliburton from an “underperform” rating to a “neutral” rating and set a $23.00 price objective on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.28.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 19th. The oilfield services company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. Halliburton had a return on equity of 12.64% and a net margin of 1.08%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the business posted $0.05 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 23rd. Shareholders of record on Wednesday, June 2nd were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Tuesday, June 1st. Halliburton’s payout ratio is 27.69%.
In other Halliburton news, EVP Eric Carre sold 24,260 shares of the firm’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $21.90, for a total transaction of $531,294.00. Following the transaction, the executive vice president now owns 133,320 shares of the company’s stock, valued at $2,919,708. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.48% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Halliburton by 15.7% during the first quarter. BlackRock Inc. now owns 71,200,170 shares of the oilfield services company’s stock worth $1,527,955,000 after purchasing an additional 9,640,479 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Halliburton by 5.9% during the first quarter. Geode Capital Management LLC now owns 15,842,933 shares of the oilfield services company’s stock worth $339,136,000 after buying an additional 887,531 shares during the last quarter. Norges Bank purchased a new position in shares of Halliburton during the fourth quarter worth about $230,118,000. Dimensional Fund Advisors LP grew its holdings in shares of Halliburton by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,513,923 shares of the oilfield services company’s stock worth $204,179,000 after buying an additional 521,458 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Halliburton by 63.6% during the first quarter. Van ECK Associates Corp now owns 8,194,410 shares of the oilfield services company’s stock worth $175,852,000 after buying an additional 3,184,829 shares during the last quarter. 76.36% of the stock is currently owned by 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 well bonding and casing, as well as provides casing equipment.
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