Halliburton (NYSE:HAL) Receives Average Recommendation of "Moderate Buy" from Analysts

Halliburton (NYSE:HAL - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.42.

A number of analysts have weighed in on the company. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Royal Bank of Canada restated a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Stifel Nicolaus lowered their target price on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler began coverage on shares of Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target for the company.

Insider Activity

In related news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 over the last three months. 0.61% of the stock is currently owned by corporate insiders.

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Institutional Trading of Halliburton

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in shares of Halliburton by 24.5% in the third quarter. Victory Capital Management Inc. now owns 947,191 shares of the oilfield services company's stock worth $27,516,000 after acquiring an additional 186,538 shares during the last quarter. KBC Group NV boosted its holdings in shares of Halliburton by 43.0% in the 3rd quarter. KBC Group NV now owns 79,190 shares of the oilfield services company's stock valued at $2,300,000 after purchasing an additional 23,805 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Halliburton by 8.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company's stock valued at $255,000 after buying an additional 717 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Halliburton by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 128,895 shares of the oilfield services company's stock worth $3,744,000 after buying an additional 9,611 shares during the last quarter. Finally, Quest Partners LLC raised its position in shares of Halliburton by 2,418.9% in the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company's stock worth $2,277,000 after buying an additional 75,275 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

NYSE HAL traded down $0.24 during trading on Tuesday, reaching $24.75. The company's stock had a trading volume of 10,572,751 shares, compared to its average volume of 8,614,138. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 3.79 and a beta of 1.84. The business's fifty day moving average price is $26.37 and its 200-day moving average price is $28.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

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.