Halliburton (NYSE:HAL) Given Consensus Recommendation of "Moderate Buy" by Brokerages
Halliburton (NYSE:HAL) has received a consensus rating of "Moderate Buy" from twenty analysts, with six holding and fourteen recommending buy ratings. The average price target is $37.37. Recent ratings include Piper Sandler's "overweight" at $36.00, Wells Fargo's reduction to $34.00, and Evercore ISI's cut to $35.00. The stock opened at $21.05, with a market cap of $18.14 billion and a dividend yield of 3.23%. Insider selling has occurred, with CFO Eric Carre selling over 141,000 shares. Institutional investors have also adjusted their holdings in HAL.
Shares of Halliburton (NYSE:HAL - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty analysts that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $37.37.
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Several brokerages have weighed in on HAL. Piper Sandler started coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective on the stock. Wells Fargo & Company dropped their price target on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Evercore ISI reduced their price objective on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 15th. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Finally, Benchmark reduced their price target on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd.
View Our Latest Report on Halliburton
Halliburton Stock Up 3.8 %
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Shares of NYSE:HAL opened at $21.05 on Friday. The company has a market capitalization of $18.14 billion, a PE ratio of 7.44, a P/E/G ratio of 3.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company's fifty day moving average is $24.67 and its 200-day moving average is $27.36. Halliburton has a 52 week low of $18.72 and a 52 week high of $41.55.
Halliburton Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is currently 24.03%.
Insider Activity
- Is Halliburton Stock a Good Buy at Current Levels?
In other news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 in the last ninety days. 0.61% of the stock is owned by insiders.
Hedge Funds Weigh In On Halliburton
Several institutional investors have recently modified their holdings of HAL. Stifel Financial Corp boosted its holdings in shares of Halliburton by 2.2% in the third quarter. Stifel Financial Corp now owns 223,334 shares of the oilfield services company's stock valued at $6,488,000 after buying an additional 4,707 shares during the period. EP Wealth Advisors LLC boosted its stake in Halliburton by 76.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 13,657 shares of the oilfield services company's stock worth $397,000 after purchasing an additional 5,918 shares during the period. MML Investors Services LLC increased its holdings in Halliburton by 3.5% during the 3rd quarter. MML Investors Services LLC now owns 40,505 shares of the oilfield services company's stock worth $1,177,000 after purchasing an additional 1,369 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Halliburton by 6.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 273,119 shares of the oilfield services company's stock worth $7,934,000 after purchasing an additional 15,849 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 85.23% of the company's stock.
About Halliburton
(Get Free ReportHalliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.
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