Halliburton (NYSE:HAL) SVP Sells $123,802.00 in Stock

Halliburton (NYSE:HAL) SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Halliburton Trading Up 1.2 %

Shares of Halliburton stock traded up $0.44 during trading hours on Thursday, hitting $37.48. The company’s stock had a trading volume of 5,880,147 shares, compared to its average volume of 6,940,814. The firm has a fifty day moving average of $38.21 and a 200-day moving average of $37.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a market cap of $33.18 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. Halliburton’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. Research analysts forecast that Halliburton will post 3.39 EPS for the current year.

Institutional Trading of Halliburton

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in Halliburton by 0.4% during the 4th quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after acquiring an additional 479,877 shares in the last quarter. Sanders Capital LLC increased its stake in Halliburton by 3.4% during the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares during the period. Norges Bank acquired a new stake in shares of Halliburton during the fourth quarter worth about $400,070,000. Northern Trust Corp boosted its stake in shares of Halliburton by 3.0% in the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after purchasing an additional 265,680 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Halliburton by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock valued at $284,822,000 after purchasing an additional 1,568,485 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Barclays cut their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. Finally, Citigroup raised their target price on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.59.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.