Insider Selling: Halliburton Company (HAL) EVP Sells 3,259 Shares of Stock

Halliburton Company (NYSE:HAL) EVP Eric Carre sold 3,259 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $51.50, for a total value of $167,838.50. Following the sale, the executive vice president now directly owns 173,767 shares in the company, valued at $8,949,000.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Monday, January 8th, Eric Carre sold 28,024 shares of Halliburton stock. The shares were sold at an average price of $51.71, for a total value of $1,449,121.04.

Halliburton Company (NYSE:HAL) opened at $52.47 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. The company has a market capitalization of $45,780.00, a PE ratio of 218.63, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $58.78.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.37%. Halliburton’s dividend payout ratio is presently 300.00%.

A number of institutional investors have recently bought and sold shares of HAL. Ameriprise Financial Inc. raised its position 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 purchasing an additional 8,105,286 shares during the last quarter. BlackRock Inc. raised its position in shares of Halliburton by 7.6% during the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock worth $2,382,809,000 after acquiring an additional 3,955,245 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Halliburton by 35.1% during the second quarter. Franklin Resources Inc. now owns 14,813,901 shares of the oilfield services company’s stock worth $632,678,000 after acquiring an additional 3,844,946 shares during the last quarter. Balyasny Asset Management LLC raised its position in shares of Halliburton by 7,314.7% during 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 acquiring an additional 3,700,084 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Halliburton by 3,294.9% during 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 acquiring an additional 3,672,887 shares during the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.

Several research firms recently weighed in on HAL. Loop Capital reaffirmed a “buy” rating and issued a $57.00 price objective (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research note on Wednesday, October 25th. Citigroup reduced their price objective on Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Cowen reaffirmed a “market perform” rating and issued a $50.00 price objective on shares of Halliburton in a research note on Tuesday, October 24th. Finally, Jefferies Group set a $57.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $56.68.

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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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