Halliburton Company (HAL) to Issue Quarterly Dividend of $0.17 on September 24th

Halliburton Company (NYSE:HAL) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Investors of record on Wednesday, September 3rd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, September 24th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 3rd.

Halliburton has a dividend payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Halliburton to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 23.3%.

Halliburton Stock Up 0.8%

NYSE:HAL opened at $21.37 on Friday. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.71 and a beta of 1.12. Halliburton has a 1-year low of $18.72 and a 1-year high of $32.57. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average price is $21.66 and its 200 day moving average price is $22.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. Halliburton’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. On average, sell-side analysts forecast that Halliburton will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in Halliburton by 0.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company’s stock valued at $2,302,000 after buying an additional 484 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Halliburton by 7.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock valued at $150,000 after buying an additional 504 shares during the last quarter. Fayez Sarofim & Co grew its holdings in Halliburton by 3.1% in the 4th quarter. Fayez Sarofim & Co now owns 17,060 shares of the oilfield services company’s stock valued at $464,000 after buying an additional 520 shares during the last quarter. Cerro Pacific Wealth Advisors LLC grew its holdings in Halliburton by 4.3% in the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 13,590 shares of the oilfield services company’s stock valued at $277,000 after buying an additional 559 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Halliburton by 2.6% in the 2nd quarter. International Assets Investment Management LLC now owns 22,307 shares of the oilfield services company’s stock valued at $455,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.