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 business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares in the company, valued at approximately $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Halliburton Trading Down 1.5 %

HAL stock opened at $32.99 on Thursday. Halliburton has a 1-year low of $32.60 and a 1-year high of $43.85. The firm has a market cap of $29.21 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.95 and a beta of 1.93. The business’s 50 day moving average is $34.60 and its 200-day moving average is $36.06. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS. Equities analysts anticipate that Halliburton will post 3.28 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.06%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HAL shares. The Goldman Sachs Group boosted their target price on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. UBS Group boosted their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Susquehanna cut their target price on Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday. JPMorgan Chase & Co. cut their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Bank of America cut their target price on Halliburton from $41.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.53.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its position in 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 Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Halliburton by 46.0% in the 1st 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 buying an additional 19,237,784 shares during the last quarter. Sanders Capital LLC boosted its position in Halliburton by 3.4% in the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after buying an additional 782,093 shares during the last quarter. Finally, Norges Bank bought a new position in Halliburton in the 4th quarter valued at $400,070,000. 85.23% of the stock is currently owned by institutional investors.

About Halliburton

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.