Halliburton (NYSE:HAL) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 16,494,666 shares, a decline of 11.4% from the February 28th total of 18,611,841 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average trading volume of 11,795,640 shares, the days-to-cover ratio is currently 1.4 days.
In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of Halliburton stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.35, for a total transaction of $168,002.10. Following the sale, the chief financial officer now directly owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Halliburton by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 64,076,786 shares of the oilfield services company’s stock valued at $2,597,032,000 after buying an additional 791,500 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Halliburton by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 64,076,786 shares of the oilfield services company’s stock worth $2,597,032,000 after purchasing an additional 791,500 shares in the last quarter. BlackRock Inc. increased its stake in shares of Halliburton by 2.6% in the 4th quarter. BlackRock Inc. now owns 59,501,439 shares of the oilfield services company’s stock worth $1,581,547,000 after purchasing an additional 1,502,255 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Halliburton by 8.8% in the 4th quarter. Sanders Capital LLC now owns 21,512,502 shares of the oilfield services company’s stock worth $630,814,000 after purchasing an additional 1,736,080 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Halliburton by 15.7% in the 4th quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock worth $558,907,000 after purchasing an additional 2,860,965 shares in the last quarter. Institutional investors and hedge funds own 80.94% of the company’s stock.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities analysts expect that Halliburton will post 1.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.39%. Halliburton’s dividend payout ratio is presently 37.89%.
A number of analysts have recently commented on the company. Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research report on Thursday, February 21st. UBS Group set a $36.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday. Seaport Global Securities set a $49.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday. Barclays dropped their price target on Halliburton from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Finally, Morgan Stanley set a $40.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Halliburton currently has an average rating of “Buy” and a consensus target price of $44.71.
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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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