Halliburton (NYSE:HAL) Director Murry Gerber Sells 44,590 Shares of Stock

Halliburton (NYSE:HAL) Director Murry Gerber sold 44,590 shares of the company’s stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $19.33, for a total transaction of $861,924.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:HAL opened at $19.48 on Wednesday. The company has a 50 day moving average of $20.03 and a 200 day moving average of $21.51. The stock has a market cap of $17.35 billion, a P/E ratio of 121.76 and a beta of 2.84. Halliburton has a 12 month low of $10.60 and a 12 month high of $25.00. The company has a current ratio of 2.29, a quick ratio of 1.75 and a debt-to-equity ratio of 1.68.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 19th. The oilfield services company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.69 billion. Halliburton had a net margin of 1.08% and a return on equity of 12.64%. Halliburton’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. On average, equities analysts forecast that Halliburton will post 1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 1st will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, August 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.92%. Halliburton’s payout ratio is 27.69%.

A number of equities research analysts have commented on the stock. Exane BNP Paribas upgraded shares of Halliburton from an “underperform” rating to a “neutral” rating and set a $23.00 price target for the company in a report on Wednesday, July 21st. Barclays raised their price target on shares of Halliburton from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, July 21st. COKER & PALMER raised shares of Halliburton from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, August 30th. The Goldman Sachs Group raised shares of Halliburton from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.53 to $26.00 in a research note on Wednesday, July 21st. Finally, Morgan Stanley raised their price objective on shares of Halliburton from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, July 9th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Halliburton currently has an average rating of “Buy” and an average price target of $23.75.

Several institutional investors and hedge funds have recently made changes to their positions in HAL. Prentice Wealth Management LLC bought a new stake in shares of Halliburton in the 1st quarter worth approximately $33,000. E Fund Management Co. Ltd. bought a new stake in shares of Halliburton in the 1st quarter worth approximately $34,000. Castleview Partners LLC bought a new stake in shares of Halliburton in the 2nd quarter worth approximately $35,000. Alpha Paradigm Partners LLC lifted its holdings in shares of Halliburton by 433.1% in the 2nd quarter. Alpha Paradigm Partners LLC now owns 1,546 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 1,256 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Halliburton in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.

Halliburton Company Profile

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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