Halliburton Company (NYSE:HAL) declared a quarterly dividend on Wednesday, February 21st, Wall Street Journal reports. Stockholders of record on Wednesday, March 7th will be paid a dividend of 0.18 per share by the oilfield services company on Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, March 6th.
Halliburton has raised its dividend payment by an average of 4.6% per year over the last three years. Halliburton has a payout ratio of 62.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $3.38 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 21.3%.
Shares of Halliburton (NYSE HAL) traded down $0.61 during mid-day trading on Wednesday, hitting $46.55. The stock had a trading volume of 9,819,085 shares, compared to its average volume of 10,484,406. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $41,558.22, a price-to-earnings ratio of -87.83, a PEG ratio of 2.27 and a beta of 0.97. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The company’s revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share. equities analysts expect that Halliburton will post 2.61 earnings per share for the current year.
HAL has been the topic of a number of research reports. Guggenheim raised Halliburton from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. Piper Jaffray Companies set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. Wells Fargo & Co reissued an “outperform” rating and issued a $56.00 price objective (up from $51.00) on shares of Halliburton in a report on Thursday, December 21st. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, December 26th. Finally, FBR & Co dropped their target price on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $59.59.
In other news, VP Anne L. Beaty sold 1,245 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $51.50, for a total value of $64,117.50. Following the transaction, the vice president now owns 60,839 shares in the company, valued at $3,133,208.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robb L. Voyles sold 39,287 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $2,160,785.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,507 shares of company stock worth $8,380,429. Company insiders own 0.47% of the company’s stock.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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