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

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

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. decreased 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. Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Stifel Nicolaus decreased their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $37.37.

Halliburton Trading Up 1.2 %

Shares of HAL stock opened at $25.37 on Monday. The company has a market capitalization of $22.03 billion, a P/E ratio of 8.97, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 12-month low of $23.42 and a 12-month 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. The firm has a 50-day moving average price of $25.89 and a 200 day moving average price of $27.93.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date 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 is 24.03%.

Insider Buying and Selling

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 in the last 90 days. 0.61% of the stock is owned by insiders.

Institutional Trading of Halliburton

Hedge funds have recently bought and sold shares of the stock. MidWestOne Financial Group Inc. increased its position in shares of Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after acquiring an additional 359 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in 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 worth $4,480,000 after purchasing an additional 390 shares during the period. HBW Advisory Services LLC increased its holdings in Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after purchasing an additional 397 shares in the last quarter. Blume Capital Management Inc. raised its stake in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Halliburton by 3.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock valued at $347,000 after purchasing an additional 453 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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.