Traders Buy Halliburton (HAL) on Weakness

Traders bought shares of Halliburton (NYSE:HAL) on weakness during trading hours on Monday. $112.08 million flowed into the stock on the tick-up and $44.32 million flowed out of the stock on the tick-down, for a money net flow of $67.76 million into the stock. Of all stocks tracked, Halliburton had the 8th highest net in-flow for the day. Halliburton traded down ($0.44) for the day and closed at $46.56

HAL has been the topic of several recent analyst reports. Royal Bank of Canada set a $60.00 target price on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 21st. Piper Jaffray set a $52.00 target price on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 14th. Jefferies Group set a $57.00 target price on Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, December 26th. Finally, Loop Capital reaffirmed a “buy” rating and set a $69.00 target price (up previously from $57.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.70.

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The company has a market capitalization of $41,120.76, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 2.33 and a beta of 1.06. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company 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%. Halliburton’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share. sell-side analysts anticipate that Halliburton will post 2.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.

In other news, EVP Robb L. Voyles sold 39,287 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy Mckeon sold 4,583 shares of Halliburton stock in a transaction on Tuesday, January 23rd. The shares were 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 72,895 shares of company stock worth $4,008,996 over the last ninety days. 0.47% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Calton & Associates Inc. purchased a new position in shares of Halliburton during the fourth quarter valued at $128,000. Cerebellum GP LLC purchased a new position in shares of Halliburton during the fourth quarter valued at $131,000. Icon Wealth Partners LLC purchased a new position in shares of Halliburton during the fourth quarter valued at $147,000. Nicolet Bankshares Inc. purchased a new position in shares of Halliburton during the fourth quarter valued at $193,000. Finally, Compton Capital Management Inc. RI purchased a new position in shares of Halliburton during the fourth quarter valued at $202,000. Institutional investors and hedge funds own 80.26% of the company’s stock.

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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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