Halliburton (NYSE:HAL) Stock Price Down 4.5% - Should You Sell?

Halliburton Company (NYSE:HAL - Get Free Report)'s share price traded down 4.5% during mid-day trading on Monday . The stock traded as low as $22.05 and last traded at $22.04. 5,201,361 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 11,542,482 shares. The stock had previously closed at $23.08.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Citigroup decreased their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on shares of Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Finally, Susquehanna reduced their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Price Performance

The firm's 50-day moving average is $21.03 and its 200-day moving average is $23.54. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46. The company has a market capitalization of $18.95 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 3.64 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

Hedge Funds Weigh In On Halliburton

Several large investors have recently added to or reduced their stakes in HAL. Mascagni Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $28,000. Stone House Investment Management LLC purchased a new position in Halliburton during the first quarter valued at approximately $30,000. Horrell Capital Management Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $33,000. Hexagon Capital Partners LLC lifted its holdings in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after purchasing an additional 656 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Halliburton during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Company Profile

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.