Halliburton (NYSE:HAL – Get Rating) insider Joe D. Rainey sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $40.73, for a total transaction of $814,600.00. Following the completion of the transaction, the insider now directly owns 351,299 shares in the company, valued at approximately $14,308,408.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
HAL traded up $0.66 during trading on Wednesday, reaching $40.19. 497,015 shares of the company traded hands, compared to its average volume of 13,707,855. Halliburton has a 12-month low of $17.82 and a 12-month high of $40.76. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.76 and a current ratio of 2.31. The firm has a fifty day simple moving average of $35.22 and a 200 day simple moving average of $28.40. The company has a market cap of $36.19 billion, a P/E ratio of 24.66 and a beta of 2.42.
Halliburton (NYSE:HAL – Get Rating) last released its earnings results on Monday, January 24th. The oilfield services company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.02. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.09 billion. Halliburton had a return on equity of 16.76% and a net margin of 9.53%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, sell-side analysts expect that Halliburton will post 1.81 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Halliburton by 6.4% in the fourth quarter. BlackRock Inc. now owns 67,462,484 shares of the oilfield services company’s stock worth $1,542,867,000 after purchasing an additional 4,047,725 shares during the last quarter. State Street Corp lifted its holdings in Halliburton by 0.7% during the fourth quarter. State Street Corp now owns 57,475,992 shares of the oilfield services company’s stock valued at $1,314,476,000 after purchasing an additional 389,378 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Halliburton by 1.4% in the third quarter. Pzena Investment Management LLC now owns 39,013,261 shares of the oilfield services company’s stock valued at $843,467,000 after acquiring an additional 546,241 shares in the last quarter. Norges Bank acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $487,897,000. Finally, Sanders Capital LLC grew its holdings in Halliburton by 1.5% in the 4th quarter. Sanders Capital LLC now owns 20,700,390 shares of the oilfield services company’s stock valued at $528,378,000 after buying an additional 313,993 shares in the last quarter. 75.98% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Halliburton from $29.00 to $32.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 25th. Royal Bank of Canada increased their price target on shares of Halliburton from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Tuesday, January 25th. Cowen upped their price target on shares of Halliburton from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, January 25th. JPMorgan Chase & Co. lifted their target price on shares of Halliburton from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 25th. Finally, Citigroup raised their price objective on shares of Halliburton from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Buy” and a consensus target price of $31.44.
About Halliburton (Get Rating)
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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