Halliburton Company (NYSE:HAL) saw unusually large options trading activity on Monday. Stock investors acquired 3,974 call options on the company. This is an increase of 336% compared to the average daily volume of 911 call options.
Halliburton Company (NYSE:HAL) opened at 47.71 on Thursday. The firm’s market cap is $41.41 billion. Halliburton Company has a 1-year low of $40.12 and a 1-year high of $58.78. The firm has a 50-day moving average of $47.14 and a 200 day moving average of $51.48.
Halliburton Company (NYSE:HAL) last announced its quarterly earnings results on Monday, April 24th. The oilfield services company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Halliburton Company had a negative net margin of 36.28% and a negative return on equity of 0.15%. The firm had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Analysts expect that Halliburton Company will post $0.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, June 5th. Halliburton Company’s payout ratio is currently -10.75%.
A number of analysts have recently weighed in on HAL shares. FBR & Co upped their price target on shares of Halliburton Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 22nd. Citigroup Inc reduced their price target on shares of Halliburton Company from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Credit Suisse Group AG set a $60.00 price target on shares of Halliburton Company and gave the stock a “buy” rating in a research note on Monday, March 27th. Vetr raised shares of Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $62.72 price target for the company in a research note on Monday, February 20th. Finally, Tudor Pickering started coverage on shares of Halliburton Company in a research note on Thursday, March 23rd. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Halliburton Company presently has a consensus rating of “Buy” and an average price target of $60.92.
In other news, Director Jeffrey Allen Miller sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $50.28, for a total value of $36,453.00. Following the completion of the sale, the director now directly owns 299,777 shares of the company’s stock, valued at approximately $15,072,787.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William E. Albrecht purchased 8,000 shares of Halliburton Company stock in a transaction dated Monday, May 15th. The stock was bought at an average cost of $46.33 per share, with a total value of $370,640.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $370,640. The disclosure for this purchase can be found here. Corporate insiders own 0.46% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HAL. Capital Research Global Investors raised its position in shares of Halliburton Company by 4.6% in the third quarter. Capital Research Global Investors now owns 60,102,325 shares of the oilfield services company’s stock worth $2,697,392,000 after buying an additional 2,639,382 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Halliburton Company by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares during the last quarter. BlackRock Inc. raised its position in shares of Halliburton Company by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares during the last quarter. State Street Corp raised its position in shares of Halliburton Company by 3.9% in the fourth quarter. State Street Corp now owns 43,502,481 shares of the oilfield services company’s stock worth $2,353,046,000 after buying an additional 1,635,447 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Halliburton Company by 25.0% in the third quarter. Capital World Investors now owns 36,312,180 shares of the oilfield services company’s stock worth $1,629,691,000 after buying an additional 7,256,500 shares during the last quarter. 79.50% of the stock is currently owned by hedge funds and other institutional investors.
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About Halliburton Company
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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