Halliburton Company Plans Quarterly Dividend of $0.17 (NYSE:HAL)

Halliburton Company (NYSE:HAL) announced a quarterly dividend on Saturday, August 22nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 2nd.

Halliburton has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Halliburton has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Halliburton to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.3%.

Halliburton Stock Up 0.0%

Shares of NYSE:HAL opened at $36.19 on Monday. Halliburton has a 1 year low of $21.40 and a 1 year high of $43.59. The company has a market cap of $30.15 billion, a PE ratio of 18.95, a P/E/G ratio of 2.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. The stock’s 50-day moving average is $33.82 and its 200 day moving average is $36.55.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Sell-side analysts anticipate that Halliburton will post 2.34 EPS for the current year.

Wall Street Analyst Weigh In

HAL has been the subject of a number of research analyst reports. TD Cowen dropped their price target on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $43.00 in a report on Tuesday, July 14th. Susquehanna dropped their target price on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Finally, Wolfe Research assumed coverage on shares of Halliburton in a research note on Wednesday, July 8th. They set a “peer perform” rating on the stock. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.10.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.