Halliburton (NYSE:HAL – Get Rating) EVP Van H. Beckwith sold 4,493 shares of the company’s stock in a transaction dated Thursday, January 19th. The shares were sold at an average price of $40.41, for a total value of $181,562.13. Following the completion of the sale, the executive vice president now directly owns 191,334 shares of the company’s stock, valued at $7,731,806.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Halliburton Stock Performance
HAL opened at $40.69 on Friday. The stock has a market cap of $36.95 billion, a P/E ratio of 21.08 and a beta of 2.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52. The stock’s 50 day simple moving average is $38.16 and its 200 day simple moving average is $32.96. Halliburton has a 1-year low of $23.30 and a 1-year high of $43.99.
Halliburton (NYSE:HAL – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The oilfield services company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Halliburton had a return on equity of 22.69% and a net margin of 9.16%. As a group, equities analysts anticipate that Halliburton will post 2.11 EPS for the current fiscal year.
Halliburton Dividend Announcement
Institutional Investors Weigh In On Halliburton
A number of large investors have recently bought and sold shares of the stock. Consolidated Planning Corp grew its holdings in Halliburton by 0.5% during the 3rd quarter. Consolidated Planning Corp now owns 51,755 shares of the oilfield services company’s stock valued at $1,274,000 after buying an additional 270 shares during the last quarter. Little House Capital LLC grew its holdings in Halliburton by 2.2% during the 3rd quarter. Little House Capital LLC now owns 12,591 shares of the oilfield services company’s stock valued at $310,000 after buying an additional 271 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in Halliburton by 20.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,666 shares of the oilfield services company’s stock valued at $41,000 after buying an additional 281 shares during the last quarter. Titleist Asset Management LTD. boosted its holdings in shares of Halliburton by 1.1% during the third quarter. Titleist Asset Management LTD. now owns 26,175 shares of the oilfield services company’s stock worth $644,000 after purchasing an additional 283 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Halliburton by 1.3% during the third quarter. Jacobi Capital Management LLC now owns 23,445 shares of the oilfield services company’s stock worth $577,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 80.56% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Barclays upped their target price on Halliburton from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, October 26th. Wolfe Research raised Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Thursday, January 12th. HSBC upped their price objective on Halliburton to $43.90 in a research note on Thursday, October 27th. Wells Fargo & Company raised Halliburton from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Wednesday, October 26th. Finally, Raymond James started coverage on Halliburton in a research note on Friday, December 9th. They set a “strong-buy” rating and a $53.00 price objective for the company. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.66.
Halliburton Company Profile
Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.
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