Halliburton Co. (NYSE:HAL) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 19,520,490 shares, a drop of 8.4% from the August 31st total of 21,308,701 shares. Based on an average daily volume of 7,196,547 shares, the short-interest ratio is presently 2.7 days. Currently, 2.3% of the shares of the stock are sold short.
Institutional investors have recently bought and sold shares of the company. AMP Capital Investors Ltd increased its position in Halliburton by 4.7% in the first quarter. AMP Capital Investors Ltd now owns 250,079 shares of the oilfield services company’s stock worth $9,007,000 after buying an additional 11,116 shares during the period. BlackRock Japan Co. Ltd increased its position in Halliburton by 4.2% in the first quarter. BlackRock Japan Co. Ltd now owns 1,145,371 shares of the oilfield services company’s stock worth $40,913,000 after buying an additional 45,908 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Halliburton by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 22,076,706 shares of the oilfield services company’s stock worth $788,580,000 after buying an additional 225,805 shares during the period. BlackRock Group LTD increased its position in Halliburton by 1.4% in the first quarter. BlackRock Group LTD now owns 6,791,899 shares of the oilfield services company’s stock worth $242,605,000 after buying an additional 96,910 shares during the period. Finally, Institutional Capital LLC purchased a new position in Halliburton during the first quarter worth approximately $107,084,000. Institutional investors and hedge funds own 79.64% of the company’s stock.
A number of analysts have recently issued reports on HAL shares. Loop Capital started coverage on Halliburton in a research note on Friday. They issued a “buy” rating on the stock. Simmons lifted their price target on Halliburton from $48.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 21st. Seaport Global Securities reaffirmed a “buy” rating on shares of Halliburton in a research note on Thursday, July 21st. Johnson Rice reaffirmed an “accumulate” rating on shares of Halliburton in a research note on Monday, July 25th. Finally, Vetr lowered Halliburton from a “buy” rating to a “hold” rating and set a $42.96 price target on the stock. in a research note on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $46.65.
Shares of Halliburton (NYSE:HAL) opened at 44.88 on Monday. The company has a 50 day moving average price of $43.37 and a 200-day moving average price of $41.81. The firm’s market cap is $38.65 billion. Halliburton has a 12-month low of $27.64 and a 12-month high of $46.90.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.05. The business earned $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The company’s revenue for the quarter was down 35.2% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Analysts expect that Halliburton will post ($0.18) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. Halliburton’s dividend payout ratio (DPR) is -10.86%.
Halliburton Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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