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

Halliburton (NYSE:HAL - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty ratings firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $36.95.

A number of research analysts have recently commented on the stock. Evercore ISI decreased their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, January 15th. Susquehanna reduced their price target on Halliburton from $35.00 to $32.00 and set a "positive" rating for the company in a report on Monday. Stifel Nicolaus dropped their price objective on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,782 shares of company stock worth $5,321,170. Corporate insiders own 0.61% of the company's stock.

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Hedge Funds Weigh In On Halliburton

Hedge funds have recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth approximately $28,000. Horrell Capital Management Inc. bought a new stake in Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the 4th quarter valued at $36,000. Continuum Advisory LLC increased its stake in shares of Halliburton by 101.2% in the 3rd 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 during the last quarter. Finally, Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth $38,000. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Up 0.1 %

Shares of NYSE:HAL traded up $0.01 during midday trading on Friday, hitting $21.26. The stock had a trading volume of 8,453,172 shares, compared to its average volume of 9,632,422. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business's 50-day simple moving average is $24.48 and its 200-day simple moving average is $27.27. Halliburton has a 12 month low of $18.72 and a 12 month high of $39.37. The company has a market cap of $18.33 billion, a P/E ratio of 7.51, a PEG ratio of 3.79 and a beta of 1.45.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.20%. Halliburton's dividend payout ratio is presently 24.03%.

About Halliburton

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.