Halliburton Company (NYSE:HAL) Announces $0.17 Quarterly Dividend

Key Points

• Halliburton has declared a quarterly dividend of $0.17 per share, with a scheduled payment date of September 24th for investors of record on September 3rd, yielding 3.2% annually.
• The company reported earnings of $0.55 EPS for the last quarter, in line with analysts' expectations, and had a revenue of $5.51 billion, slightly exceeding forecasts.
• Halliburton has a strong dividend payout ratio of 25.6%, indicating that future dividends are well-covered by earnings, with expected earnings per share of $2.92 for next year.

Halliburton Company (NYSE:HAL - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Shareholders of record on Wednesday, September 3rd will be given a dividend of 0.17 per share by the oilfield services company on Wednesday, September 24th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 3rd.

Halliburton has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Halliburton to earn $2.92 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 23.3%.

Halliburton Stock Up 1.5%

NYSE HAL traded up $0.32 on Monday, hitting $21.44. 2,034,324 shares of the stock were exchanged, compared to its average volume of 13,697,045. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The company has a market cap of $18.28 billion, a PE ratio of 9.98, a PEG ratio of 3.69 and a beta of 1.12. The company has a 50-day moving average price of $21.67 and a 200-day moving average price of $22.50.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The company had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The firm's revenue was down 5.5% on a year-over-year basis. Sell-side analysts anticipate that Halliburton will post 2.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Halliburton

Several institutional investors and hedge funds have recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in Halliburton by 1.9% in the fourth quarter. Guggenheim Capital LLC now owns 67,362 shares of the oilfield services company's stock valued at $1,832,000 after purchasing an additional 1,242 shares in the last quarter. Capital International Inc. CA lifted its stake in shares of Halliburton by 0.7% during the 4th quarter. Capital International Inc. CA now owns 281,894 shares of the oilfield services company's stock worth $7,665,000 after buying an additional 1,886 shares during the last quarter. Norinchukin Bank The boosted its holdings in shares of Halliburton by 15.8% during the 4th quarter. Norinchukin Bank The now owns 45,938 shares of the oilfield services company's stock worth $1,249,000 after buying an additional 6,253 shares during the period. Natixis lifted its position in Halliburton by 46.9% during the fourth quarter. Natixis now owns 564,972 shares of the oilfield services company's stock worth $15,362,000 after acquiring an additional 180,293 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Halliburton by 1.3% during the fourth quarter. MetLife Investment Management LLC now owns 232,573 shares of the oilfield services company's stock worth $6,324,000 after acquiring an additional 3,041 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

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.