Halliburton (NYSE:HAL) PT Lowered to $46.00 at Jefferies Financial Group

Halliburton (NYSE:HAL) had its price target trimmed by Jefferies Financial Group from $47.00 to $46.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a buy rating on the oilfield services company’s stock.

HAL has been the subject of several other research reports. StockNews.com lowered shares of Halliburton from a buy rating to a hold rating in a research note on Wednesday, July 3rd. Stifel Nicolaus cut their price target on shares of Halliburton from $47.00 to $46.00 and set a buy rating on the stock in a research note on Tuesday, July 16th. TD Cowen cut their price objective on shares of Halliburton from $47.00 to $45.00 and set a buy rating on the stock in a research note on Monday, July 22nd. UBS Group cut their price objective on shares of Halliburton from $41.00 to $37.00 and set a buy rating on the stock in a research note on Wednesday, September 18th. Finally, Evercore ISI lowered their price target on shares of Halliburton from $52.00 to $48.00 and set an outperform rating on the stock in a report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $42.56.

Halliburton Stock Performance

HAL stock opened at $27.81 on Tuesday. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.02 and a beta of 1.89. Halliburton has a twelve month low of $27.52 and a twelve month high of $43.85. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $31.11 and its two-hundred day simple moving average is $34.71.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. Analysts predict that Halliburton will post 3.14 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Pacer Advisors Inc. raised its stake in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. LSV Asset Management raised its stake in shares of Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after acquiring an additional 2,720,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after buying an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 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.