Latest
Recommended
Published: Wed, March 01, 2017
Economy | By Melissa Porter

Featured Stock to Focus: Halliburton Company (NYSE:HAL)


Motco now owns 2,742 shares of the oilfield services company's stock valued at $123,000 after buying an additional 600 shares in the last quarter. FTB Advisors Inc. increased its position in Halliburton Company by 31.5% in the third quarter. The last close places the company's stock about $2.29 off its 52 week high of $33.79 and $7.42 above the 52 week low of $24.08. California Public Employees Retirement System boosted its position in Halliburton Company by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 22,313,730 shares of the oilfield services company's stock valued at $1,001,440,000 after buying an additional 391,432 shares in the last quarter. Bank of America Corp reissued a "buy" rating on shares of Halliburton Company in a research report on Friday, November 18th. Quadrant Capital Group LLC increased its position in Halliburton Company by 3.8% in the third quarter. Quadrant Capital Group LLC now owns 2,638 shares of the oilfield services company's stock valued at $107,000 after buying an additional 96 shares in the last quarter. Insiders own 0.46% of the company's stock.

While trading at volume below than average, Halliburton Company (NYSE:HAL) previous 52-week high was $58.78 and moved up 64.96% over the same period, trading at a volume of 6.83 million. The company's shares were closed at $66.91.

Over the past 50 days, Halliburton Company stock was -8.94% off of the high and 2.24% removed from the low. The stock's market cap is $45.83 billion. Shares of Halliburton Company's (HAL ) are trading -9.49% downward from the 52-week high mark and 71.44% above from the fifty two-week low mark.

Halliburton Company (NYSE:HAL) last issued its earnings results on Monday, January 23rd. The company reported its last quarter on Dec 16.

Analysts are also projecting an Average Revenue Estimate for Halliburton Company as $4.21 Billion in the Current Quarter. Halliburton Company had a negative return on equity of 0.15% and a negative net margin of 36.28%. The business's revenue was down 31.3% compared to the same quarter previous year. Equities research analysts expect that Halliburton Company will post $1.19 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, March 1st will be given a dividend of $0.18 per share. Analysts are forecasting earnings of $0.14 on a per share basis this quarter. The ex-dividend date is Monday, February 27th. Halliburton Company's dividend payout ratio is presently -10.75%.

This piece was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another domain, it was copied illegally and republished in violation of United States & worldwide trademark & copyright legislation. Investec Asset Management LTD boosted its position in shares of Halliburton Company by 147.4% in the fourth quarter.

Several brokerages have recently issued reports on HAL. The company now has a consensus rating of "Buy" and a consensus price target of $51.22.

On 2/20/2017, Vetr Inc. released a statement for Halliburton Company (NYSE:HAL) bumped up the target price from $0.00 to $62.72 that suggested an upside of 0.17%.

Insider Trades for Halliburton Company show that the latest trade was made on 9 Feb 2017 where Gerber (Murry S), the Director completed a transaction type "Buy" in which 40 shares were traded at a price of $56.96. Stephens restated an overweight rating and set a $57.00 price target on shares of Halliburton Company in a research report on Tuesday, January 24th. Halliburton Company now has a consensus rating of "Buy" and an average price target of $57.95. Following the transaction, the president now directly owns 286,795 shares in the company, valued at approximately $15,595,912.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3,168,012 shares of the stock were exchanged. HAL Senior Vice Pres - Tax Jones Myrtle L also sold 874 shares, at a stock price of $58.04. Following the sale, the chairman now owns 563,092 shares in the company, valued at $29,663,686.56. The disclosure for this sale can be found here. The last session's volume of 6.90 million shares was lower than its average volume of 8.35 million shares. It serves national and independent oil and natural gas companies. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment.

Like this: