Halliburton (NYSE:HAL) Given New $46.00 Price Target at Jefferies Financial Group

Halliburton (NYSE:HAL) had its price objective reduced by Jefferies Financial Group from $47.00 to $46.00 in a research report report published on Tuesday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the oilfield services company’s stock.

A number of other brokerages have also recently weighed in on HAL. Benchmark reiterated a buy rating and issued a $42.00 price target on shares of Halliburton in a research report on Monday, July 22nd. Susquehanna reduced their price target on shares of Halliburton from $49.00 to $46.00 and set a positive rating on the stock in a research report on Monday, July 22nd. UBS Group decreased their price objective on shares of Halliburton from $41.00 to $37.00 and set a buy rating on the stock in a research note on Wednesday, September 18th. Evercore ISI cut their target price on shares of Halliburton from $52.00 to $48.00 and set an outperform rating for the company in a research note on Monday, July 22nd. Finally, Bank of America decreased their price target on Halliburton from $41.00 to $40.00 and set a buy rating on the stock in a research report on Monday, July 22nd. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Halliburton has an average rating of Moderate Buy and an average target price of $42.56.

Halliburton Price Performance

Shares of HAL stock opened at $28.64 on Tuesday. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85. The company has a market capitalization of $25.36 billion, a P/E ratio of 9.91, a P/E/G ratio of 1.02 and a beta of 1.89. The stock has a 50 day moving average of $30.94 and a two-hundred day moving average of $34.66. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last issued its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. During the same period last year, the business earned $0.77 earnings per share. Halliburton’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts expect that Halliburton will post 3.14 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of Halliburton

Several institutional investors and hedge funds have recently made changes to their positions in HAL. Capital World Investors increased its holdings in Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after purchasing an additional 377,500 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after buying an additional 2,618,740 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after acquiring an additional 19,237,784 shares during the last quarter. Sanders Capital LLC raised its position in shares of Halliburton by 3.4% in the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after acquiring an additional 782,093 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after acquiring an additional 13,552,927 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

About Halliburton

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.