Halliburton Co. (HAL) to Issue Quarterly Dividend of $0.18 on December 28th
Halliburton Co. (NYSE:HAL) declared a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Wednesday, December 7th will be paid a dividend of 0.18 per share by the oilfield services company on Wednesday, December 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, December 5th.
Halliburton (NYSE:HAL) opened at 47.79 on Wednesday. The firm’s 50 day moving average price is $47.87 and its 200-day moving average price is $44.70. Halliburton has a 52 week low of $27.64 and a 52 week high of $50.49. The stock’s market cap is $41.31 billion.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.08. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Halliburton had a positive return on equity of 1.82% and a negative net margin of 33.29%. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts expect that Halliburton will post ($0.05) EPS for the current year.
In other news, insider Joe D. Rainey sold 1,172 shares of the company’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $50.22, for a total transaction of $58,857.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $47.00, for a total transaction of $1,336,633.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. raised its position in shares of Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock worth $103,000 after buying an additional 772 shares during the last quarter. Citizens Financial Group Inc RI increased its stake in Halliburton by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock worth $117,000 after buying an additional 648 shares during the period. Pinkerton Retirement Specialists LLC increased its stake in Halliburton by 1,290.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,795 shares of the oilfield services company’s stock worth $127,000 after buying an additional 2,594 shares during the period. Crawford Investment Counsel Inc. acquired a new stake in Halliburton during the second quarter worth $224,000. Finally, WFG Advisors LP increased its stake in Halliburton by 19.4% in the second quarter. WFG Advisors LP now owns 5,208 shares of the oilfield services company’s stock worth $236,000 after buying an additional 847 shares during the period. Institutional investors own 78.27% of the company’s stock.
A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corp. reiterated a “buy” rating on shares of Halliburton in a research note on Friday, November 18th. Vetr upgraded shares of Halliburton from a “sell” rating to a “hold” rating and set a $46.86 price objective on the stock in a research note on Tuesday, October 25th. Societe Generale reiterated a “buy” rating and set a $58.00 price objective on shares of Halliburton in a research note on Sunday, October 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $58.00 price objective (up previously from $50.00) on shares of Halliburton in a research note on Sunday, October 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.81.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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