Halliburton (HAL) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Halliburton (NYSE:HAL) released its earnings results on Monday. The oilfield services company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07, Bloomberg Earnings reports. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter last year, the business posted $0.04 earnings per share. The business’s quarterly revenue was up 47.7% compared to the same quarter last year.

Shares of Halliburton (NYSE HAL) opened at $53.01 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The stock has a market capitalization of $46,250.00, a price-to-earnings ratio of 220.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.03. Halliburton has a one year low of $38.18 and a one year high of $58.78.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.36%. Halliburton’s dividend payout ratio (DPR) is 300.00%.

Several equities research analysts recently commented on the company. TheStreet raised Halliburton from a “d+” rating to a “c-” rating in a report on Friday, September 29th. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Guggenheim raised Halliburton from a “neutral” rating to a “buy” rating in a report on Monday. Piper Jaffray Companies set a $52.00 price target on Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, FBR & Co cut their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $56.53.

In other news, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the sale, the chairman now directly owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Anne L. Beaty sold 1,245 shares of Halliburton stock in a transaction on Friday, January 5th. The shares were sold at an average price of $51.50, for a total value of $64,117.50. Following the completion of the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,133,208.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,612 shares of company stock valued at $6,556,433. 0.47% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors grew its stake in shares of Halliburton by 0.7% in the second quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after buying an additional 320,362 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Halliburton by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after buying an additional 1,427,985 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Halliburton by 2.5% in the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after buying an additional 384,565 shares in the last quarter. FMR LLC grew its stake in shares of Halliburton by 2.1% in the second quarter. FMR LLC now owns 15,415,634 shares of the oilfield services company’s stock valued at $658,402,000 after buying an additional 313,189 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Halliburton by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 12,570,534 shares of the oilfield services company’s stock valued at $578,622,000 after buying an additional 500,982 shares in the last quarter. 79.89% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for Halliburton (NYSE:HAL)

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