Insider Selling: Halliburton (NYSE:HAL) VP Sells 4,900 Shares of Stock

Halliburton (NYSE:HALGet Rating) VP Timothy Mckeon sold 4,900 shares of the company’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $41.00, for a total value of $200,900.00. Following the transaction, the vice president now directly owns 43,782 shares in the company, valued at approximately $1,795,062. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of HAL stock traded up $0.84 during midday trading on Monday, reaching $41.60. 587,499 shares of the stock were exchanged, compared to its average volume of 13,352,397. Halliburton has a 1 year low of $17.82 and a 1 year high of $41.27. The company’s 50 day moving average is $35.74 and its two-hundred day moving average is $28.83. The company has a current ratio of 2.31, a quick ratio of 1.76 and a debt-to-equity ratio of 1.36. The firm has a market cap of $37.46 billion, a PE ratio of 25.39 and a beta of 2.42.

Halliburton (NYSE:HALGet Rating) last posted its earnings results on Monday, January 24th. The oilfield services company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Halliburton had a return on equity of 16.76% and a net margin of 9.53%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business earned $0.18 EPS. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. As a group, equities analysts expect that Halliburton will post 1.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 23rd. Investors of record on Wednesday, March 2nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 1st. This is a boost from Halliburton’s previous quarterly dividend of $0.05. This represents a $0.48 annualized dividend and a dividend yield of 1.15%. Halliburton’s dividend payout ratio (DPR) is 29.45%.

Hedge funds have recently bought and sold shares of the business. Rather & Kittrell Inc. bought a new position in Halliburton in the fourth quarter valued at about $25,000. City State Bank bought a new position in Halliburton in the fourth quarter valued at about $25,000. Sumitomo Mitsui Financial Group Inc. bought a new position in Halliburton in the third quarter valued at about $26,000. MCF Advisors LLC lifted its holdings in Halliburton by 265.3% in the third quarter. MCF Advisors LLC now owns 1,472 shares of the oilfield services company’s stock valued at $32,000 after acquiring an additional 1,069 shares during the period. Finally, UMB Bank N A MO bought a new position in Halliburton in the fourth quarter valued at about $37,000. 75.98% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on HAL shares. Stephens upped their price target on Halliburton from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 25th. JPMorgan Chase & Co. upped their price target on Halliburton from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 25th. TheStreet raised Halliburton from a “c” rating to a “b-” rating in a research report on Monday, January 24th. Citigroup increased their price objective on Halliburton from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 25th. Finally, Stifel Nicolaus increased their price objective on Halliburton from $32.00 to $42.00 in a report on Friday, April 8th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Halliburton currently has an average rating of “Buy” and an average price target of $31.44.

About Halliburton (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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