During the last session, Halliburton Co. (NYSE:HAL)’s traded shares were 4.63 million, with the beta value of the company hitting 2.02. At the end of the trading day, the stock’s price was $41.24, reflecting an intraday gain of 1.45% or $0.59. The 52-week high for the HAL share is $43.85, that puts it down -6.33 from that peak though still a striking 32.49% gain since the share price plummeted to a 52-week low of $27.84. The company’s market capitalization is $36.71B, and the average intraday trading volume over the past 10 days was 5.25 million shares, and the average trade volume was 7.41 million shares over the past three months.
Halliburton Co. (NYSE:HAL) trade information
Halliburton Co. (HAL) registered a 1.45% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.45% in intraday trading to $41.24, hitting a weekly high. The stock’s 5-day price performance is 4.62%, and it has moved by 16.66% in 30 days. Based on these gigs, the overall price performance for the year is 24.10%. The short interest in Halliburton Co. (NYSE:HAL) is 23.07 million shares and it means that shorts have 3.1 day(s) to cover.
Halliburton Co. (HAL) estimates and forecasts
Statistics show that Halliburton Co. has outperformed its competitors in share price, compared to the industry in which it operates. Halliburton Co. (HAL) shares have gone up 7.76% during the last six months, with a year-to-date growth rate more than the industry average at 9.58% against 5.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 2.80% this quarter and then jump 6.50% in the quarter after that. In the rating firms’ projections, revenue will increase 5.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $5.67 billion as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to $5.96 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $5.68 billion and $5.8 billion respectively. In this case, analysts expect current quarter sales to shrink by -0.10% and then jump by 2.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.14%. While earnings are projected to return 8.55% in 2024, the next five years will return 14.60% per annum.
HAL Dividends
Halliburton Co. is due to release its next quarterly earnings on April 23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Halliburton Co. is 0.65, with the dividend yield indicating at 1.58 percent, continuing the trend of increasing dividends in recent years.
Halliburton Co. (NYSE:HAL)’s Major holders
Halliburton Co. insiders own 0.40% of total outstanding shares while institutional holders control 87.12%, with the float percentage being 87.47%. Capital World Investors is the largest shareholder of the company, while 1,357 institutions own stock in it. As of Jun 29, 2023, the company held over 114.41 million shares (or 12.73% of all shares), a total value of $3.77 billion in shares.
The next largest institutional holding, with 99.16 million shares, is of Vanguard Group Inc’s that is approximately 11.04% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $3.27 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Halliburton Co. (HAL) shares are American Balanced Fund and Washington Mutual Investors Fund. Data provided on Sep 29, 2023 indicates that American Balanced Fund owns about 39.41 million shares. This amounts to just over 4.39 percent of the company’s overall shares, with a $1.6 billion market value. The same data shows that the other fund manager holds slightly less at 32.97 million, or about 3.67% of the stock, which is worth about $1.34 billion.
