Halliburton Company (NYSE:HAL – Get Free Report) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 27,134 call options on the company. This represents an increase of 81% compared to the typical volume of 15,005 call options.
Halliburton Stock Down 0.8%
NYSE HAL traded down $0.28 on Monday, reaching $33.22. The company had a trading volume of 12,669,744 shares, compared to its average volume of 12,929,984. The firm has a market capitalization of $27.68 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83. The company’s fifty day moving average is $34.22 and its 200-day moving average is $36.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton has a 1-year low of $22.22 and a 1-year high of $43.59.
Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, research analysts forecast that Halliburton will post 2.34 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, September 2nd. Halliburton’s dividend payout ratio is 35.60%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on HAL. Susquehanna lowered their price objective on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. UBS Group raised their target price on Halliburton from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, September 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research note on Friday, October 2nd. Argus dropped their target price on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Wolfe Research initiated coverage on Halliburton in a research report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.05.
Check Out Our Latest Report on Halliburton
Insider Activity
In other news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This represents a 30.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company’s stock.
Institutional Investors Weigh In On Halliburton
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Halliburton during the second quarter worth about $2,812,327,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Halliburton in the second quarter valued at approximately $345,941,000. Bank of New York Mellon Corp bought a new stake in Halliburton in the second quarter valued at approximately $337,486,000. Bank of America Corp DE acquired a new stake in Halliburton during the 2nd quarter valued at approximately $196,444,000. Finally, Caisse de depot et placement du Quebec acquired a new stake in Halliburton during the 2nd quarter valued at approximately $194,675,000. Institutional investors own 85.23% of the company’s stock.
Halliburton Company Profile
Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.
Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.
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