Halliburton Company (NYSE:HAL) VP Anne L. Beaty sold 2,937 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Halliburton Company (NYSE:HAL) opened at $52.11 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. Halliburton Company has a one year low of $38.18 and a one year high of $58.78. The firm has a market cap of $45,470.00, a P/E ratio of 217.13, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $5.35 billion. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The business’s revenue was up 42.0% on a year-over-year basis. equities research analysts expect that Halliburton Company will post 1.16 EPS for the current year.
A number of equities analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. TheStreet raised 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 stock 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 report on Friday, January 5th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $56.00 price target (up previously from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. One investment 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. Halliburton has an average rating of “Buy” and a consensus price target of $57.36.
A number of institutional investors and hedge funds have recently made changes to their positions in HAL. Ameriprise Financial Inc. lifted its stake in Halliburton by 107.8% in the second quarter. Ameriprise Financial Inc. now owns 15,623,103 shares of the oilfield services company’s stock valued at $667,362,000 after buying an additional 8,105,286 shares in the last quarter. BlackRock Inc. lifted its position in shares of Halliburton by 7.6% in the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock worth $2,382,809,000 after purchasing an additional 3,955,245 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Halliburton by 35.1% in the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after purchasing an additional 3,844,946 shares in the last quarter. Balyasny Asset Management LLC lifted its position in shares of Halliburton by 7,314.7% in the second quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock worth $160,191,000 after purchasing an additional 3,700,084 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Halliburton by 3,294.9% in the second quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock worth $161,631,000 after purchasing an additional 3,672,887 shares in the last quarter. 79.79% of the stock is currently owned by hedge funds and other institutional investors.
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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