Vicus Capital Cuts Position in Halliburton Company (HAL) by $3310523

Posted January 26, 2017

Consequently, investors will be able to grasp the rudimentary determinant of asset distribution and all kinds of risk-return parameters for stocks together with the stock mutual funds.

Several other equities analysts also recently commented on the stock. Shares fell the most in more than a month. Covering analysts use their acquired knowledge and expertise to help create their best calculation of where they think the stock may be moving near-term.

Let's take a quick look at where covering sell-side analysts see Halliburton Company (NYSE:HAL) headed in the future.

10/19/2016 - Halliburton Company had its "buy" rating reiterated by analysts at Citigroup.

The consensus recommendation, according to Zacks Investment research, is 1.35. Now analyst have an average price target of $61.37.

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Shares of Halliburton Company (NYSE:HAL) traded down 1.16% on Thursday, hitting $54.54. Currently, the stock has a 1 Year Price Target of $62.08. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -0.76%. The company rocked its 52-Week High of $56.98 on Jan 6, 2017 and touched its 52-Week Low of $27.96 on Feb 11, 2016.

While the number of rigs drilling for oil and gas in the US and Canada has more than doubled since May, and grew 19% in the last three months of the year, Halliburton's revenue in the region rose just 9% from the previous quarter, according to an earnings report Monday. Analysts had been expecting adjusted earnings of 2 cents per share and $4.1 billion in revenue. But, the revenue fell 20.9 percent to $4.02 billion, missing analysts' estimate of $4.09 billion. Halliburton Company makes up approx 0.01% of Hermes Investment Management Ltd's portfolio.

Moreover, HAL has reported its first quarterly operating profit in North America in a year as oil producers have put more rigs back to work in North American shale fields while achieved 65% incremental margins. McDonald's posted earnings of $1.44 per share on $6.03 billion in sales.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 28th. (KMI) announced that its board of directors approved a cash dividend of $0.125 per share for the quarter ($0.50 annualized) payable on February 15, 2017, to common shareholders of record as of the close of business on February 1, 2017. This represents a $0.72 annualized dividend and a yield of 1.32%. Halliburton Company's payout ratio is now -10.75%.

In related news, Chairman David J. Lesar sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 19th. The stock was sold at an average price of $54.50, for a total transaction of $142,299.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.