Halliburton Company (NYSE:HAL) insider Timothy Mckeon sold 1,609 shares of Halliburton stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total value of $78,824.91. Following the transaction, the insider now owns 18,612 shares of the company’s stock, valued at $911,801.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Halliburton Company (NYSE HAL) traded up $0.86 during mid-day trading on Friday, reaching $53.33. The company had a trading volume of 9,086,700 shares, compared to its average volume of 9,026,388. The company has a market cap of $46,340.00, a price-to-earnings ratio of 222.21, a P/E/G ratio of 3.00 and a beta of 1.03. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. Halliburton’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. sell-side analysts anticipate that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Halliburton’s dividend payout ratio is currently 300.00%.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Halliburton by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after buying an additional 1,267,141 shares during the last quarter. BlackRock Inc. grew its position in shares of Halliburton by 7.6% in the 2nd quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after buying an additional 3,955,245 shares during the last quarter. Capital World Investors grew its position in shares of Halliburton by 0.7% in the 2nd quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after buying an additional 320,362 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Halliburton by 9.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after buying an additional 1,427,985 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Halliburton by 2.5% in the 3rd quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after buying an additional 384,565 shares during the last quarter. Institutional investors and hedge funds own 79.79% of the company’s stock.
Several research firms recently weighed in on HAL. Cowen set a $55.00 price target on Halliburton and gave the stock a “hold” rating in a report on Thursday. Zacks Investment Research cut Halliburton from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Jefferies Group set a $57.00 price target on Halliburton and gave the stock a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $60.00 price target on Halliburton and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $56.00 price target (up from $51.00) on shares of Halliburton in a report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $56.90.
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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