Investors Purchase High Volume of Halliburton Put Options (NYSE:HAL)

Halliburton (NYSE:HALGet Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 29,117 put options on the company. This represents an increase of approximately 91% compared to the average daily volume of 15,257 put options.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the sale, the executive vice president now directly owns 283,908 shares in the company, valued at approximately $10,481,883.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the transaction, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $369,200.00. Following the completion of the sale, the executive vice president now owns 283,908 shares in the company, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,287 shares of company stock worth $1,930,704. 0.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Halliburton

Large investors have recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after buying an additional 377,500 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Sanders Capital LLC lifted its position in shares of Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after buying an additional 782,093 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Halliburton in the fourth quarter worth about $400,070,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

NYSE HAL opened at $33.87 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.93 and a beta of 1.93. The business has a 50 day simple moving average of $38.07 and a 200 day simple moving average of $36.71. Halliburton has a 52-week low of $30.04 and a 52-week high of $43.85.

Halliburton (NYSE:HALGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. Analysts anticipate that Halliburton will post 3.39 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, June 5th. Halliburton’s dividend payout ratio is presently 23.53%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HAL shares. TD Cowen lifted their target price on shares of Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Susquehanna restated a “positive” rating and issued a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. UBS Group upped their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley raised their price objective on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group boosted their target price on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Halliburton currently has a consensus rating of “Buy” and a consensus price target of $48.59.

Read Our Latest Analysis on Halliburton

Halliburton Company Profile

(Get Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.

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