Halliburton (HAL) To Go Ex-Dividend on March 5th

Halliburton (NYSE:HAL) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, March 26th. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th.

Halliburton has raised its dividend payment by an average of 55.7% per year over the last three years. Halliburton has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Halliburton to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 22.8%.

Halliburton Price Performance

NYSE:HAL opened at $26.27 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. The company has a 50 day moving average price of $27.43 and a 200-day moving average price of $29.22. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56.

Insider Activity at Halliburton

In other Halliburton news, 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 transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on HAL shares. Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Barclays lowered their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Morgan Stanley lowered their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

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.