Halliburton Company (NYSE:HAL) Declares $0.18 Quarterly Dividend

Halliburton Company (NYSE:HAL) declared a quarterly dividend on Friday, July 14th, RTT News reports. Stockholders of record on Wednesday, September 6th will be paid a dividend of 0.18 per share by the oilfield services company on Wednesday, September 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, September 1st.

Halliburton has raised its dividend payment by an average of 11.1% annually over the last three years. Halliburton has a payout ratio of 64.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 32.7%.

Halliburton (NYSE HAL) opened at 41.03 on Wednesday. Halliburton has a 12 month low of $40.12 and a 12 month high of $58.78. The stock’s 50 day moving average price is $42.96 and its 200-day moving average price is $48.31. The firm’s market capitalization is $35.76 billion.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. Halliburton’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) EPS. Equities analysts forecast that Halliburton will post $1.12 earnings per share for the current year.

In related news, Director William E. Albrecht bought 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $46.33 per share, with a total value of $370,640.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Halliburton Company (NYSE:HAL) Declares $0.18 Quarterly Dividend” was first published by BBNS and is owned by of BBNS. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/halliburton-company-nysehal-announces-0-18-quarterly-dividend-updated-updated-updated/1198488.html.

HAL has been the topic of several research analyst reports. HSBC Holdings plc reissued a “buy” rating and set a $62.00 target price (down previously from $65.00) on shares of Halliburton in a research note on Thursday, June 22nd. Barclays PLC reissued an “overweight” rating on shares of Halliburton in a research note on Monday, June 26th. Guggenheim cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $59.60.

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.

Dividend History for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.