Halliburton Company (HAL) EVP Sells $1,449,121.04 in Stock

Halliburton Company (NYSE:HAL) EVP Eric Carre sold 28,024 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.71, for a total transaction of $1,449,121.04. Following the transaction, the executive vice president now owns 173,767 shares of the company’s stock, valued at approximately $8,985,491.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eric Carre also recently made the following trade(s):

  • On Friday, January 5th, Eric Carre sold 3,259 shares of Halliburton stock. The shares were sold at an average price of $51.50, for a total transaction of $167,838.50.

Shares of Halliburton Company (NYSE HAL) traded down $0.18 during trading on Tuesday, hitting $52.11. 8,587,371 shares of the company were exchanged, compared to its average volume of 8,901,667. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $45,470.00, a price-to-earnings ratio of 217.13, a P/E/G ratio of 3.00 and a beta of 1.03. Halliburton Company has a fifty-two week low of $38.18 and a fifty-two week high of $58.78.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. Halliburton’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. equities analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.

Several institutional investors have recently modified their holdings of the stock. Packer & Co Ltd acquired a new stake in Halliburton during the 4th quarter worth $10,815,000. XR Securities LLC acquired a new stake in Halliburton during the 4th quarter worth $363,000. Prudential Financial Inc. grew its holdings in Halliburton by 7.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,337,856 shares of the oilfield services company’s stock worth $61,581,000 after acquiring an additional 95,330 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Halliburton by 13.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,285,293 shares of the oilfield services company’s stock worth $105,192,000 after acquiring an additional 262,109 shares during the period. Finally, AXA grew its holdings in Halliburton by 3.8% during the 3rd quarter. AXA now owns 294,183 shares of the oilfield services company’s stock worth $13,541,000 after acquiring an additional 10,675 shares during the period. 79.79% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Jefferies Group set a $57.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Co reiterated an “outperform” rating and issued a $56.00 target price (up previously from $51.00) on shares of Halliburton in a research note on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $57.36.

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Halliburton Company Profile

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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