Traders Sell Halliburton (HAL) on Strength (HAL)

Investors sold shares of Halliburton Company (NYSE:HAL) on strength during trading hours on Tuesday. $58.71 million flowed into the stock on the tick-up and $88.38 million flowed out of the stock on the tick-down, for a money net flow of $29.67 million out of the stock. Of all companies tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.39 for the day and closed at $45.87

A number of research firms recently weighed in on HAL. Jefferies Group set a $56.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Monday, August 28th. ValuEngine cut shares of Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Halliburton in a report on Wednesday, September 6th. J P Morgan Chase & Co dropped their price objective on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. Finally, Zacks Investment Research cut shares of Halliburton from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $57.25.

The company has a market cap of $40,023.45, a P/E ratio of 62.84, a P/E/G ratio of 4.95 and a beta of 1.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.

Halliburton (NYSE:HAL) last released its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the company earned $0.01 EPS. Halliburton’s quarterly revenue was up 42.0% on a year-over-year basis. research analysts forecast that Halliburton Company will post 1.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.52%. Halliburton’s dividend payout ratio (DPR) is 300.01%.

In other news, insider James S. Brown sold 29,485 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $44.01, for a total transaction of $1,297,634.85. Following the completion of the transaction, the insider now owns 129,646 shares in the company, valued at approximately $5,705,720.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the transaction, the executive vice president now owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,585 shares of company stock valued at $3,858,920. Insiders own 0.46% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its holdings in shares of Halliburton by 13.0% in the third quarter. Parametric Portfolio Associates LLC now owns 2,285,293 shares of the oilfield services company’s stock worth $105,192,000 after buying an additional 262,109 shares during the period. AXA boosted its holdings in shares of Halliburton by 3.8% in the third quarter. AXA now owns 294,183 shares of the oilfield services company’s stock worth $13,541,000 after buying an additional 10,675 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Halliburton in the third quarter worth about $1,932,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Halliburton by 0.5% in the third quarter. Public Employees Retirement System of Ohio now owns 601,059 shares of the oilfield services company’s stock worth $27,667,000 after buying an additional 2,800 shares during the period. Finally, Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Halliburton by 4.3% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 94,773 shares of the oilfield services company’s stock worth $4,362,000 after buying an additional 3,866 shares during the period. Institutional investors own 79.79% of the company’s stock.

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About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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