Brokerages Set Halliburton (NYSE:HAL) PT at $41.74

Shares of Halliburton (NYSE:HAL) have earned an average rating of “Moderate Buy” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $41.74.

HAL has been the subject of a number of recent research reports. Evercore ISI dropped their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Benchmark reiterated a “buy” rating and set a $42.00 price objective on shares of Halliburton in a research note on Monday, July 22nd. TD Cowen reduced their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, UBS Group cut their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th.

Institutional Trading of Halliburton

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its stake in shares of Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after purchasing an additional 295 shares during the period. Massachusetts Wealth Management increased its stake in shares of Halliburton by 1.7% in the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock valued at $722,000 after acquiring an additional 300 shares during the last quarter. Beacon Capital Management LLC raised its position in shares of Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after acquiring an additional 330 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in Halliburton by 2.9% during the second quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after purchasing an additional 336 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL opened at $28.24 on Friday. The firm has a market capitalization of $25.00 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 12-month low of $27.51 and a 12-month high of $41.56. The firm has a 50-day moving average price of $29.75 and a 200 day moving average price of $33.39.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.41%. Halliburton’s dividend payout ratio is currently 23.53%.

Halliburton Company Profile

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.