Halliburton (NYSE:HAL) Plans Quarterly Dividend of $0.17

Halliburton (NYSE:HAL - Get Free Report) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.17 per share by the oilfield services company on Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, March 5th.

Halliburton has raised its dividend by an average of 55.7% per year over the last three years. Halliburton has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $2.98 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 22.8%.

Halliburton Stock Performance

Shares of NYSE:HAL traded down $0.13 on Friday, reaching $26.16. 8,289,508 shares of the company's stock were exchanged, compared to its average volume of 11,614,222. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.53 and a beta of 1.89. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56. The business's 50-day moving average is $27.30 and its two-hundred day moving average is $29.11. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Analysts Set New Price Targets

A number of research firms recently weighed in on HAL. UBS Group cut shares of Halliburton from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Susquehanna dropped their price objective on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a report on Friday, November 8th. Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Benchmark dropped their price objective on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction dated 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 directly owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company's stock.

Halliburton Company Profile

Halliburton 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.