Perigon Wealth Management LLC acquired a new position in Halliburton Company during the fourth quarter worth $109,000.
Institutional investors have recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Halliburton Company during the fourth quarter worth approximately $135,000. Whittier Trust Company owns 8,689 shares or 0.02% of their United States portfolio. With an institutional ownership near 82.1%, it carries an earnings per share ratio of 4.05.
Halliburton Company's growth estimate for the current quarter is -57.1 percent, and 207.1 percent for the next quarter. The 9 months technical chart setup indicates low risk for the $3.74 billion company. IndexIQ Advisors LLC raised its position in shares of Halliburton Company by 114.4% in the third quarter.
Halliburton Company (HAL) lost -1.93% to reach $48.38 in the previous trading session. Howard Weil maintained it with "Sector Perform" rating and $37 target in Wednesday, January 27 report.
Stock is now moving with a negative distance from the 200 day simple moving average of approximately -0.53%, and has a poor year to date (YTD) performance of -9.97% which means the stock is constantly subtracting to its value from the previous fiscal year end price.
Halliburton Company (NYSE:HAL)'s earnings per share has been growing at a -32.3 percent rate over the past 5 year when average revenue increase was noted as -8.5 percent.
The company is expected to report earnings of $0.04 a share for the next quarter. The EV is used to show how the market assigns value to a company as a whole. The company's net profit margin has achieved the current level of -36.3 percent and possesses 5.4 percent gross margin. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Halliburton Company the EPS stands at 0.04 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.02, suggesting the stock exceeded the analysts' expectations.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, February 27th. A common metric is a company's P/E Ratio.
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Several equities research analysts recently commented on the stock. Quadrant Capital Group LLC now owns 2,638 shares of the oilfield services company's stock worth $107,000 after buying an additional 96 shares during the period. Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air. On Friday, October 14 the stock rating was maintained by FBR Capital with "Outperform". $48.95's average target is 3.40% above currents $47.34 stock price. They issued an outperform rating and a $64.00 target price for the company. Analysts have a mean recommendation of 1.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Halliburton Company has an average rating of "Buy" and a consensus price target of $59.69. Also, insider Myrtle L. Jones sold 874 shares of the firm's stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $50.23, for a total transaction of $1,163,427.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Are investors supposed to sell when the stock hits the target? Following the purchase, the director now owns 51,358 shares of the company's stock, valued at approximately $2,933,055.38. The disclosure for this sale can be found here. Insiders sold a total of 5,717 shares of company stock worth $321,990 over the last three months.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry.