Trump/Cook, Nissan weakness, more tariffs and gold - what’s moving markets
HOUSTON - Halliburton Company (NYSE: NYSE:HAL), a global provider of energy industry products and services, has declared a quarterly dividend for the first quarter of 2025. The company announced that shareholders of record as of the close of business on March 5, 2025, will receive a dividend of seventeen cents ($0.17) per share. The dividend is scheduled to be paid on March 26, 2025. According to InvestingPro data, Halliburton has maintained dividend payments for 54 consecutive years and has raised its dividend for three consecutive years, demonstrating a strong commitment to shareholder returns.
This announcement follows Halliburton’s tradition of distributing dividends to its shareholders and reflects the company’s financial practices. As one of the leading companies in the energy sector, Halliburton has been recognized for its innovation and services that support customers in maximizing the value of their assets and contributing to a sustainable energy future. The company maintains a healthy financial position with a current ratio of 2.05 and operates with a moderate level of debt. InvestingPro analysis indicates the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.
The declaration of dividends is a common practice among publicly traded companies, serving as a way to return value to shareholders. It is an important consideration for investors as they assess the performance and stability of a company. Dividends can also provide insights into a company’s earnings and financial health.
Halliburton, with a history dating back to 1919, has a significant presence in the energy industry, offering a range of technologies and services. The company has been involved in various initiatives to advance technologies aimed at improving efficiency and sustainability within the sector.
The dividend announcement is based on a press release statement from Halliburton Company and does not include any additional commentary or speculation regarding the company’s financial strategies or future performance. Shareholders and investors are encouraged to consider this information when making investment decisions related to Halliburton’s stock.
In other recent news, Halliburton has secured a significant drilling contract from Petrobras, a Brazilian state-controlled oil company. The contract, which commences in 2025 and spans three years, involves integrated drilling services for offshore fields in Brazil. Halliburton plans to use a range of its innovative technologies to enhance drilling efficiency, accuracy, and performance. This deal marks Halliburton’s most extensive service contract with Petrobras to date, bolstering the company’s presence in Brazil’s pre-salt and post-salt areas.
In the realm of financial analysis, Benchmark, Stifel, Goldman Sachs, and JPMorgan have revised their price targets for Halliburton. Benchmark has reduced the price target to $35 from $40, citing expected revenue and EBITDA shortfalls due to challenges in Mexico and North America. Stifel and Goldman Sachs have also cut their price targets to $37 and $34, respectively, following Halliburton’s Q4 2024 performance and its 2025 outlook. In contrast, JPMorgan has raised its price target to $35 from $33, despite underperformance in oilfield service stocks and a drop in upstream spending.
These are recent developments and offer insights into Halliburton’s current performance and future prospects, according to various financial analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.