Halliburton Company (NYSE:HAL) Receives Average Rating of “Moderate Buy” from Analysts

Halliburton Company (NYSE:HAL) has earned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $42.8636.

Several research analysts have commented on HAL shares. TD Cowen raised their price target on shares of Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Piper Sandler upped their price target on shares of Halliburton from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $47.00 price objective on shares of Halliburton in a research report on Sunday, April 26th. Morgan Stanley lifted their price objective on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Evercore upgraded Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Friday, March 20th.

Insider Activity

In related news, CEO Jeffrey Allen Miller sold 158,455 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the transaction, the chief executive officer directly owned 1,013,027 shares in the company, valued at approximately $40,521,080. This represents a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total transaction of $255,535.00. Following the completion of the transaction, the director owned 15,250 shares in the company, valued at approximately $636,230. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 420,837 shares of company stock worth $16,979,135. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Halliburton

A number of large investors have recently added to or reduced their stakes in HAL. Capital Research Global Investors raised its position in Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after purchasing an additional 40,969,139 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Halliburton by 82,596.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after purchasing an additional 29,735,387 shares in the last quarter. Strive Asset Management LLC purchased a new stake in Halliburton during the third quarter valued at about $418,738,000. Norges Bank purchased a new stake in Halliburton during the fourth quarter valued at about $169,304,000. Finally, Holocene Advisors LP purchased a new stake in Halliburton during the third quarter valued at about $147,315,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton announced a quarterly dividend of $0.17 per share, signaling continued capital returns to shareholders and reinforcing management’s confidence in cash generation. Halliburton Announces Dividend
• Positive Sentiment: CEO Jeff Miller joining Noble Corporation’s board may be seen as a vote of confidence in Halliburton’s leadership and industry standing, while also highlighting Miller’s influence across the offshore drilling sector. Noble Corporation plc Announces New Director Appointment
• Neutral Sentiment: Articles focused on Halliburton’s Russell 1000 filing and broader market commentary are drawing fresh attention to the name, but they do not appear to change the company’s fundamentals on their own. Halliburton Russell 1000 Filing Raises Fresh Focus
• Neutral Sentiment: Recent notes from analysts and market outlets highlight that HAL has been up since its last earnings report, suggesting investor sentiment remains constructive after the company beat quarterly EPS estimates and slightly topped revenue expectations. Halliburton (HAL) Up 8.2% Since Last Earnings Report: Can It Continue?

Halliburton Trading Down 1.1%

Shares of HAL opened at $41.50 on Friday. Halliburton has a twelve month low of $19.42 and a twelve month high of $43.59. The stock has a market cap of $34.67 billion, a PE ratio of 22.80, a P/E/G ratio of 1.79 and a beta of 0.73. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $38.99 and its 200-day moving average price is $33.65.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. Halliburton’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $0.60 earnings per share. On average, equities analysts forecast that Halliburton will post 2.34 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is 37.36%.

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.