A number of other equities analysts also recently commented on HAL. Piper Jaffray Companies set a $52.00 price objective on Halliburton and gave the stock a buy rating in a research report on Thursday, December 14th. Wells Fargo & Co reissued an outperform rating and set a $56.00 price objective (up from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. Royal Bank of Canada set a $60.00 price objective on Halliburton and gave the stock a buy rating in a research report on Thursday, December 21st. Zacks Investment Research raised Halliburton from a hold rating to a buy rating and set a $54.00 price objective for the company in a research report on Tuesday, December 26th. Finally, Jefferies Group set a $57.00 price objective on Halliburton and gave the stock a buy rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $58.83.
Shares of Halliburton (NYSE HAL) traded up $0.87 during trading on Thursday, hitting $46.16. The stock had a trading volume of 2,383,664 shares, compared to its average volume of 9,505,493. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86. The firm has a market capitalization of $40,455.83, a P/E ratio of -86.34, a PEG ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, March 6th. Halliburton’s dividend payout ratio is currently -135.85%.
In other Halliburton news, VP Anne L. Beaty sold 1,245 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $51.50, for a total value of $64,117.50. Following the completion of the sale, the vice president now owns 60,839 shares in the company, valued at $3,133,208.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $51.57, for a total value of $151,461.09. Following the completion of the sale, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 125,922 shares of company stock valued at $6,706,509. 0.46% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Colonial Trust Advisors lifted its stake in Halliburton by 79.3% in the fourth quarter. Colonial Trust Advisors now owns 49,101 shares of the oilfield services company’s stock valued at $2,400,000 after buying an additional 21,721 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Halliburton by 12.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 84,528 shares of the oilfield services company’s stock valued at $4,131,000 after buying an additional 9,284 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Halliburton by 42.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 498,021 shares of the oilfield services company’s stock valued at $24,338,000 after buying an additional 148,155 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Halliburton in the fourth quarter valued at approximately $1,556,000. Finally, Delek Group Ltd. purchased a new stake in Halliburton in the fourth quarter valued at approximately $8,491,000. Institutional investors own 80.39% of the company’s stock.
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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.
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