Halliburton (NYSE:HAL) Given New $29.00 Price Target at Barclays

Halliburton (NYSE:HAL) had its price objective cut by Barclays from $30.00 to $29.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the oilfield services company’s stock.

Several other equities analysts have also recently weighed in on HAL. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Wells Fargo & Company decreased their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group dropped their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Finally, Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $37.37.

Halliburton Stock Up 1.2 %

Halliburton stock opened at $25.37 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a fifty day simple moving average of $25.89 and a 200 day simple moving average of $27.93. The company has a market cap of $22.03 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.68%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Insider Transactions at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. This trade represents a 28.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanders Capital LLC increased its stake in Halliburton by 1.6% in the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after acquiring an additional 375,054 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Halliburton by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock valued at $584,139,000 after purchasing an additional 908,271 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after buying an additional 1,748,763 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after buying an additional 2,171,722 shares during the last quarter. Finally, Amundi lifted its position in shares of Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after buying an additional 2,378,043 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.