Halliburton (NYSE:HAL) Hits New 12-Month Low - Time to Sell?

Halliburton (NYSE:HAL - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $25.15 and last traded at $24.99, with a volume of 6599871 shares. The stock had previously closed at $26.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Benchmark reduced their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Barclays dropped their target price on Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Finally, Susquehanna decreased their price target on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average price target of $37.42.

Halliburton Stock Performance

The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock has a 50-day moving average price of $26.85 and a 200-day moving average price of $28.57. The firm has a market capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

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Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.72%. Halliburton's dividend payout ratio (DPR) is 24.03%.

Insiders Place Their Bets

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 141,206 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Halliburton

Large investors have recently made changes to their positions in the company. Horrell Capital Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton in the fourth quarter worth $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton during the fourth quarter valued at $38,000. Vermillion Wealth Management Inc. acquired a new position in shares of Halliburton during the fourth quarter valued at $39,000. Finally, Continuum Advisory LLC raised its stake in shares of Halliburton by 101.2% during 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 and hedge funds own 85.23% 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.