Investors Buy Halliburton (HAL) on Weakness

Investors bought shares of Halliburton (NYSE:HAL) on weakness during trading hours on Monday. $78.05 million flowed into the stock on the tick-up and $36.63 million flowed out of the stock on the tick-down, for a money net flow of $41.42 million into the stock. Of all companies tracked, Halliburton had the 6th highest net in-flow for the day. Halliburton traded down ($0.02) for the day and closed at $50.76

Several brokerages recently weighed in on HAL. B. Riley raised their target price on shares of Halliburton from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $65.00 price target (up from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Sanford C. Bernstein set a $60.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $58.70.

The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. The firm has a market cap of $44,427.92, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 2.54 and a beta of 1.06.

Halliburton (NYSE:HAL) last released its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter last year, the company earned $0.04 earnings per share. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. research analysts anticipate that Halliburton will post 2.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.

In other news, Director Jeffrey Allen Miller sold 29,025 shares of Halliburton stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy Mckeon sold 4,583 shares of Halliburton stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $54.95, for a total value of $251,835.85. The disclosure for this sale can be found here. Insiders have sold a total of 72,895 shares of company stock valued at $4,008,996 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. IFG Advisory LLC acquired a new position in Halliburton in the 4th quarter valued at about $253,000. Calton & Associates Inc. acquired a new position in Halliburton in the 4th quarter valued at about $128,000. Cerebellum GP LLC acquired a new position in Halliburton in the 4th quarter valued at about $131,000. Icon Wealth Partners LLC acquired a new position in Halliburton in the 4th quarter valued at about $147,000. Finally, Nicolet Bankshares Inc. acquired a new position in Halliburton in the 4th quarter valued at about $193,000. 80.25% of the stock is owned by institutional investors and hedge funds.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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