ValuEngine upgraded shares of Halliburton (NYSE:HAL) from a sell rating to a hold rating in a report published on Thursday.
A number of other equities research analysts have also recently commented on HAL. Jefferies Group set a $62.00 target price on Halliburton and gave the company a buy rating in a research report on Wednesday, April 4th. Atlantic Securities upgraded Halliburton from an underweight rating to a neutral rating in a research report on Monday, January 29th. Cowen set a $54.00 target price on Halliburton and gave the company a hold rating in a research report on Thursday, March 15th. BMO Capital Markets restated a buy rating and set a $58.00 target price on shares of Halliburton in a research report on Tuesday, January 16th. Finally, Sanford C. Bernstein set a $60.00 price target on shares of Halliburton and gave the company a buy rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $58.70.
HAL traded up $0.50 during midday trading on Thursday, hitting $50.71. 3,704,168 shares of the company were exchanged, compared to its average volume of 9,493,708. The company has a market capitalization of $43,386.78, a P/E ratio of 41.54, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is 59.02%.
In other Halliburton news, insider Timothy Mckeon sold 4,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Insiders sold a total of 72,895 shares of company stock worth $4,008,996 over the last three months. Corporate insiders own 0.46% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. lifted its position in shares of Halliburton by 1.3% during the 4th quarter. Weatherly Asset Management L. P. now owns 88,924 shares of the oilfield services company’s stock worth $4,346,000 after purchasing an additional 1,165 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Halliburton by 26.3% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,746 shares of the oilfield services company’s stock worth $281,000 after purchasing an additional 1,197 shares during the period. Corient Capital Partners LLC boosted its holdings in shares of Halliburton by 8.5% during the fourth quarter. Corient Capital Partners LLC now owns 15,679 shares of the oilfield services company’s stock worth $766,000 after purchasing an additional 1,222 shares during the period. Westpac Banking Corp boosted its holdings in shares of Halliburton by 2.1% during the fourth quarter. Westpac Banking Corp now owns 62,455 shares of the oilfield services company’s stock worth $3,052,000 after purchasing an additional 1,264 shares during the period. Finally, Wealthfront Inc. lifted its stake in Halliburton by 3.5% in the fourth quarter. Wealthfront Inc. now owns 38,076 shares of the oilfield services company’s stock valued at $1,861,000 after acquiring an additional 1,300 shares during the last quarter. 80.26% of the stock is currently owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://dakotafinancialnews.com/2018/04/13/halliburton-hal-raised-to-hold-at-valuengine.html.
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 bonding the well, well casing, and casing equipment.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.