Insider Selling: Halliburton (NYSE:HAL) EVP Sells 10,000 Shares of Stock

Halliburton (NYSE:HAL) EVP Van H. Beckwith sold 10,000 shares of the 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 transaction, the executive vice president now owns 283,908 shares in the company, valued at $10,481,883.36. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Halliburton Price Performance

Halliburton stock traded up $0.44 during mid-day trading on Thursday, hitting $37.48. The company’s stock had a trading volume of 5,880,147 shares, compared to its average volume of 6,940,814. The stock has a market capitalization of $33.18 billion, a P/E ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The stock’s fifty day moving average price is $38.21 and its two-hundred day moving average price is $37.07. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. Research analysts forecast that Halliburton will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HAL. TD Cowen lifted their price target on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Raymond James lowered their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company decreased their target price on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. The Goldman Sachs Group increased their price target on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Finally, Susquehanna restated a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.59.

Institutional Trading of Halliburton

A number of institutional investors have recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Halliburton in the 1st quarter valued at $26,000. IAG Wealth Partners LLC acquired a new position in shares of Halliburton during the 1st quarter valued at about $30,000. Ancora Advisors LLC raised its stake in shares of Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Halliburton during the fourth quarter worth approximately $33,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of Halliburton in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Company Profile

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.