Halliburton Sees Unusually Large Options Volume (HAL)
Halliburton Company (NYSE:HAL) was the target of unusually large options trading on Thursday. Stock investors purchased 24,345 call options on the company. This is an increase of approximately 196% compared to the typical daily volume of 8,227 call options.
A number of equities research analysts recently issued reports on HAL shares. Seaport Global Securities reduced their price target on Halliburton from $72.00 to $67.00 and set a “buy” rating on the stock in a research report on Monday, March 27th. Deutsche Bank AG reissued a “buy” rating and set a $64.00 price target (down previously from $66.00) on shares of Halliburton in a research report on Monday, March 27th. Credit Suisse Group set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Monday, March 27th. Jefferies Group LLC reissued a “buy” rating and set a $70.00 price target on shares of Halliburton in a research report on Monday, April 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $65.00 price target on shares of Halliburton in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $59.85.
Shares of Halliburton (HAL) opened at 44.38 on Friday. The firm’s 50-day moving average price is $43.66 and its 200-day moving average price is $49.22. The firm’s market capitalization is $38.52 billion. Halliburton has a one year low of $40.12 and a one year high of $58.78.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.30 billion. Halliburton had a negative net margin of 21.19% and a negative return on equity of 0.48%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 earnings per share. On average, equities analysts forecast that Halliburton will post $1.01 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is -18.32%.
In related news, Director William E. Albrecht purchased 8,000 shares of Halliburton stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $46.33 per share, with a total value of $370,640.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.46% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Oxbow Advisors LLC increased its position in shares of Halliburton by 4.7% in the second quarter. Oxbow Advisors LLC now owns 10,030 shares of the oilfield services company’s stock valued at $428,000 after buying an additional 450 shares during the period. Quantitative Systematic Strategies LLC boosted its position in shares of Halliburton by 21.4% in the second quarter. Quantitative Systematic Strategies LLC now owns 46,463 shares of the oilfield services company’s stock valued at $1,971,000 after buying an additional 8,198 shares in the last quarter. Hermes Investment Management Ltd. bought a new position in shares of Halliburton during the second quarter valued at about $310,000. Financial Architects Inc boosted its position in shares of Halliburton by 176.5% in the second quarter. Financial Architects Inc now owns 3,321 shares of the oilfield services company’s stock valued at $142,000 after buying an additional 2,120 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Halliburton during the second quarter valued at about $1,960,000. 79.67% of the stock is owned by hedge funds and other institutional investors.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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