Halliburton (NYSE:HAL) Sees Significant Decrease in Short Interest

Halliburton (NYSE:HALGet Rating) saw a significant drop in short interest in December. As of December 30th, there was short interest totalling 20,250,000 shares, a drop of 5.3% from the December 15th total of 21,390,000 shares. Based on an average daily trading volume, of 9,930,000 shares, the short-interest ratio is presently 2.0 days.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $42.60, for a total value of $182,967.00. Following the transaction, the executive vice president now directly owns 245,731 shares in the company, valued at $10,468,140.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Van H. Beckwith sold 4,295 shares of Halliburton stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $42.60, for a total transaction of $182,967.00. Following the sale, the executive vice president now directly owns 245,731 shares of the company’s stock, valued at $10,468,140.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 6,513 shares of Halliburton stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $37.50, for a total value of $244,237.50. Following the sale, the chief financial officer now directly owns 119,691 shares in the company, valued at $4,488,412.50. The disclosure for this sale can be found here. Insiders have sold a total of 59,153 shares of company stock worth $2,305,715 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Halliburton

Large investors have recently made changes to their positions in the company. EWG Elevate Inc. bought a new stake in shares of Halliburton in the 4th quarter valued at $25,000. Worth Asset Management LLC bought a new stake in shares of Halliburton in the 4th quarter valued at $27,000. Coston McIsaac & Partners bought a new stake in shares of Halliburton in the 2nd quarter valued at $28,000. Capital Asset Advisory Services LLC bought a new stake in shares of Halliburton in the 2nd quarter valued at $29,000. Finally, PrairieView Partners LLC boosted its stake in Halliburton by 75.6% in the 2nd quarter. PrairieView Partners LLC now owns 936 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 403 shares during the period. Institutional investors own 80.56% of the company’s stock.

Halliburton Stock Performance

Shares of Halliburton stock opened at $40.69 on Monday. The firm has a fifty day moving average of $38.16 and a two-hundred day moving average of $33.00. The stock has a market capitalization of $36.95 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 0.31 and a beta of 2.15. Halliburton has a 52 week low of $23.30 and a 52 week high of $43.99. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.10.

Halliburton (NYSE:HALGet Rating) last issued its earnings results on Tuesday, October 25th. The oilfield services company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Halliburton had a net margin of 9.16% and a return on equity of 22.69%. As a group, equities research analysts predict that Halliburton will post 2.11 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 21st. Investors of record on Thursday, December 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, December 7th. Halliburton’s dividend payout ratio is currently 24.87%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HAL shares. Wolfe Research raised Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, January 12th. StockNews.com started coverage on Halliburton in a report on Wednesday, October 12th. They set a “hold” rating on the stock. HSBC lifted their price objective on Halliburton to $43.90 in a report on Thursday, October 27th. Raymond James started coverage on Halliburton in a report on Friday, December 9th. They issued a “strong-buy” rating and a $53.00 target price on the stock. Finally, Susquehanna boosted their target price on Halliburton from $48.00 to $51.00 in a report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.66.

About Halliburton

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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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