Investors Sell Shares of Halliburton (HAL) on Strength (HAL)

Traders sold shares of Halliburton (NYSE:HAL) on strength during trading on Thursday. $39.07 million flowed into the stock on the tick-up and $118.95 million flowed out of the stock on the tick-down, for a money net flow of $79.88 million out of the stock. Of all stocks tracked, Halliburton had the 18th highest net out-flow for the day. Halliburton traded up $0.54 for the day and closed at $30.90

HAL has been the subject of several analyst reports. Cowen raised Halliburton from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $45.00 to $35.00 in a research note on Thursday. Guggenheim set a $50.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 24th. Bank of America initiated coverage on Halliburton in a research note on Wednesday, October 17th. They set a “buy” rating for the company. Societe Generale set a $42.00 price objective on Halliburton and gave the company a “hold” rating in a research note on Monday, October 22nd. Finally, Stephens initiated coverage on Halliburton in a research note on Friday, October 12th. They set an “overweight” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.68.

The company has a market capitalization of $26.59 billion, a PE ratio of 25.33, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Analysts anticipate that Halliburton will post 1.86 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, December 5th. Halliburton’s dividend payout ratio (DPR) is 59.02%.

In other news, VP Anne L. Beaty sold 2,548 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total transaction of $75,115.04. Following the completion of the transaction, the vice president now directly owns 56,663 shares of the company’s stock, valued at approximately $1,670,425.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Anne L. Beaty sold 1,300 shares of the stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the transaction, the vice president now directly owns 58,848 shares of the company’s stock, valued at $1,677,168. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,787 shares of company stock valued at $404,538. Company insiders own 0.54% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Fruth Investment Management grew its holdings in shares of Halliburton by 4.9% in the 4th quarter. Fruth Investment Management now owns 9,161 shares of the oilfield services company’s stock worth $243,000 after acquiring an additional 428 shares during the period. Moody National Bank Trust Division grew its holdings in shares of Halliburton by 0.6% in the 4th quarter. Moody National Bank Trust Division now owns 129,384 shares of the oilfield services company’s stock worth $3,439,000 after acquiring an additional 772 shares during the period. CX Institutional acquired a new stake in shares of Halliburton in the 4th quarter worth approximately $30,000. IMS Capital Management acquired a new stake in shares of Halliburton in the 3rd quarter worth approximately $46,000. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of Halliburton by 113.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,238 shares of the oilfield services company’s stock worth $59,000 after acquiring an additional 1,191 shares during the period. 78.12% of the stock is owned by institutional investors and hedge funds.

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About Halliburton (NYSE:HAL)

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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