Halliburton Declares Quarterly Dividend of $0.17 (NYSE:HAL)

Halliburton (NYSE:HAL) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.17 per share by the oilfield services company on Wednesday, March 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.62%.

Halliburton has raised its dividend payment by an average of 55.7% annually over the last three years. Halliburton has a dividend payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Halliburton to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 22.8%.

Halliburton Trading Down 1.9 %

NYSE:HAL opened at $25.98 on Thursday. The stock has a fifty day simple moving average of $27.43 and a 200 day simple moving average of $29.22. The firm has a market capitalization of $22.82 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HAL. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. Finally, Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

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.