Halliburton (NYSE:HAL) Stock Price Down 0.3% After Insider Selling

Halliburton (NYSE:HAL) was down 0.3% during trading on Friday after an insider sold shares in the company. The stock traded as low as $37.25 and last traded at $37.36. Approximately 1,090,733 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 6,875,200 shares. The stock had previously closed at $37.48.

Specifically, SVP Jill D. Sharp sold 3,346 shares of Halliburton 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 434,287 shares of company stock worth $15,415,304. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Morgan Stanley increased their price objective on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. UBS Group boosted their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. TD Cowen boosted their target price on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, Citigroup raised their price target on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.59.

Halliburton Stock Down 1.0 %

The stock has a market cap of $32.85 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The company’s fifty day moving average price is $38.21 and its 200-day moving average price is $37.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

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

Hedge Funds Weigh In On Halliburton

A number of large investors have recently bought and sold shares of the business. Rise Advisors LLC bought a new position in Halliburton in the first quarter worth approximately $26,000. IAG Wealth Partners LLC purchased a new position in shares of Halliburton during the first quarter valued at $30,000. Ancora Advisors LLC raised its holdings in shares of Halliburton by 443.8% in the third 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 shares of Halliburton in the fourth quarter valued at about $33,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Halliburton in the fourth quarter worth about $36,000. Hedge funds and other institutional investors 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.