Halliburton Plans Quarterly Dividend of $0.18 (HAL)

Halliburton (NYSE:HAL) declared a quarterly dividend on Wednesday, November 7th, RTT News reports. Stockholders of record on Thursday, December 6th will be paid a dividend of 0.18 per share by the oilfield services company on Thursday, December 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%.

Halliburton has raised its dividend payment by an average of 4.6% annually over the last three years. Halliburton has a payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $2.18 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 33.0%.

Shares of NYSE HAL traded up $0.64 during midday trading on Wednesday, reaching $36.41. The company’s stock had a trading volume of 8,737,656 shares, compared to its average volume of 9,084,555. Halliburton has a 12-month low of $33.73 and a 12-month high of $57.86. The company has a market capitalization of $30.57 billion, a PE ratio of 29.84, a PEG ratio of 0.94 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, research analysts expect that Halliburton will post 1.86 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on HAL shares. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Jefferies Financial Group set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. Royal Bank of Canada set a $54.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. BMO Capital Markets set a $54.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Halliburton in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and an average price target of $51.60.

In other Halliburton news, insider James S. Brown sold 15,989 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Halliburton Plans Quarterly Dividend of $0.18 (HAL)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/11/07/halliburton-plans-quarterly-dividend-of-0-18-hal.html.

About Halliburton

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.

Further Reading: Dollar Cost Averaging

Dividend History for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply