Halliburton Company (NYSE:HAL) Announces $0.17 Quarterly Dividend

Halliburton Company (NYSE:HAL) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Wednesday, March 4th will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, March 4th.

Halliburton has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 4 years. Halliburton has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.3%.

Halliburton Trading Up 3.1%

Shares of HAL stock opened at $34.75 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The company has a market capitalization of $29.11 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.01 and a beta of 0.77. Halliburton has a 52-week low of $18.72 and a 52-week high of $35.55. The company has a 50-day simple moving average of $31.57 and a two-hundred day simple moving average of $26.82.

Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. Research analysts anticipate that Halliburton will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the transaction, the executive vice president owned 419,800 shares of the company’s stock, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total transaction of $5,985,152.00. Following the completion of the sale, the chief executive officer owned 1,101,243 shares in the company, valued at $38,499,455.28. This represents a 13.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 337,002 shares of company stock valued at $11,445,938. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Halliburton

Several large investors have recently added to or reduced their stakes in the business. Vermillion Wealth Management Inc. lifted its stake in shares of Halliburton by 24.8% in the fourth quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock worth $41,000 after buying an additional 289 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in Halliburton by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after acquiring an additional 349 shares during the last quarter. Harbour Investments Inc. lifted its stake in Halliburton by 7.3% in the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock worth $150,000 after purchasing an additional 361 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Halliburton by 3.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock worth $293,000 after purchasing an additional 365 shares during the last quarter. Finally, Clearstead Trust LLC grew its position in shares of Halliburton by 7.4% in the third quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock valued at $132,000 after purchasing an additional 370 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.