Halliburton (NYSE:HAL) EVP Sells $48,598.00 in Stock

Halliburton (NYSE:HAL) EVP Eric Carre sold 2,350 shares of the company’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $20.68, for a total value of $48,598.00. Following the transaction, the executive vice president now directly owns 173,320 shares in the company, valued at approximately $3,584,257.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eric Carre also recently made the following trade(s):

  • On Wednesday, December 9th, Eric Carre sold 49,664 shares of Halliburton stock. The stock was sold at an average price of $19.91, for a total value of $988,810.24.

Shares of NYSE:HAL opened at $21.57 on Thursday. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.85. Halliburton has a 52-week low of $4.25 and a 52-week high of $24.51. The stock’s fifty day simple moving average is $19.26 and its 200-day simple moving average is $15.28. The company has a market capitalization of $19.07 billion, a P/E ratio of -4.34, a P/E/G ratio of 4.10 and a beta of 2.81.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 19th. The oilfield services company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Halliburton had a positive return on equity of 11.10% and a negative net margin of 26.60%. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the business earned $0.34 earnings per share. The business’s revenue was down 46.4% on a year-over-year basis. On average, sell-side analysts anticipate that Halliburton will post 0.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 23rd. Investors of record on Thursday, December 3rd were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, December 2nd. This represents a $0.18 annualized dividend and a yield of 0.83%. Halliburton’s dividend payout ratio (DPR) is presently 14.52%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Great West Life Assurance Co. Can lifted its position in Halliburton by 1,140.4% during the third quarter. Great West Life Assurance Co. Can now owns 10,056,126 shares of the oilfield services company’s stock worth $12,748,000 after buying an additional 9,245,437 shares during the period. FMR LLC lifted its position in Halliburton by 231.6% during the second quarter. FMR LLC now owns 4,697,996 shares of the oilfield services company’s stock worth $60,980,000 after buying an additional 3,281,131 shares during the period. State of Tennessee Treasury Department lifted its position in Halliburton by 1,355.6% during the third quarter. State of Tennessee Treasury Department now owns 2,625,558 shares of the oilfield services company’s stock worth $31,637,000 after buying an additional 2,445,186 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in Halliburton by 261.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 2,423,232 shares of the oilfield services company’s stock worth $29,200,000 after buying an additional 1,752,460 shares during the period. Finally, Morgan Stanley lifted its position in Halliburton by 30.8% during the third quarter. Morgan Stanley now owns 3,762,152 shares of the oilfield services company’s stock worth $45,335,000 after buying an additional 885,000 shares during the period. Hedge funds and other institutional investors own 65.66% of the company’s stock.

HAL has been the topic of a number of recent analyst reports. HSBC lowered Halliburton from a “hold” rating to a “reduce” rating and set a $14.20 price objective on the stock. in a report on Thursday, December 10th. Credit Suisse Group upped their price objective on Halliburton from $11.75 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, October 20th. Exane BNP Paribas initiated coverage on Halliburton in a report on Monday, October 12th. They set an “underperform” rating and a $11.50 price objective on the stock. Bank of America raised Halliburton from a “neutral” rating to a “buy” rating in a report on Wednesday, December 16th. Finally, BMO Capital Markets initiated coverage on Halliburton in a report on Thursday, October 1st. They set a “market perform” rating and a $14.00 price objective on the stock. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.05.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment.

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