Halliburton (NYSE:HAL) Hits New 1-Year Low – Should You Sell?

Halliburton (NYSE:HAL)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $25.15 and last traded at $24.99, with a volume of 6599871 shares traded. The stock had previously closed at $26.37.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Jefferies Financial Group dropped their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Benchmark reduced their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. 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. Finally, JPMorgan Chase & Co. dropped their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Down 5.3 %

The firm has a market capitalization of $21.68 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The business’s 50 day moving average is $27.03 and its 200-day moving average is $28.73.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

Several institutional investors have recently modified their holdings of the company. MidWestOne Financial Group Inc. raised its stake in shares of Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares during the period. HBW Advisory Services LLC boosted its position in shares of Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after acquiring an additional 397 shares in the last quarter. Finally, Blume Capital Management Inc. increased its stake in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.