Halliburton Co. (NYSE:HAL) Chairman David J. Lesar sold 10,000 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $55.16, for a total value of $551,600.00. Following the sale, the chairman now directly owns 610,806 shares of the company’s stock, valued at approximately $33,692,058.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David J. Lesar also recently made the following trade(s):
- On Wednesday, October 19th, David J. Lesar sold 10,000 shares of Halliburton stock. The shares were sold at an average price of $49.99, for a total value of $499,900.00.
Halliburton Co. (NYSE:HAL) opened at 53.51 on Thursday. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $56.08. The firm’s 50 day moving average price is $49.88 and its 200-day moving average price is $45.70. The stock’s market cap is $46.26 billion.
Halliburton (NYSE:HAL) last released its earnings results on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The company earned $3.83 billion during the quarter, compared to the consensus estimate of $3.87 billion. Halliburton had a negative net margin of 33.29% and a positive return on equity of 1.82%. The company’s revenue was down 31.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, equities analysts anticipate that Halliburton Co. will post ($0.05) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, December 5th. Halliburton’s payout ratio is currently -10.98%.
Several large investors have recently added to or reduced their stakes in the company. Capital World Investors raised its position in Halliburton by 25.0% in the third quarter. Capital World Investors now owns 36,312,180 shares of the oilfield services company’s stock valued at $1,629,691,000 after buying an additional 7,256,500 shares during the period. Jennison Associates LLC raised its position in Halliburton by 58.1% in the third quarter. Jennison Associates LLC now owns 17,365,068 shares of the oilfield services company’s stock valued at $779,344,000 after buying an additional 6,379,445 shares during the period. FMR LLC raised its position in Halliburton by 40.1% in the second quarter. FMR LLC now owns 13,373,769 shares of the oilfield services company’s stock valued at $605,699,000 after buying an additional 3,829,088 shares during the period. Bank of Montreal Can acquired a new position in Halliburton during the second quarter valued at approximately $126,987,000. Finally, Capital Research Global Investors raised its position in Halliburton by 4.6% in the third quarter. Capital Research Global Investors now owns 60,102,325 shares of the oilfield services company’s stock valued at $2,697,392,000 after buying an additional 2,639,382 shares during the period. 77.96% of the stock is owned by institutional investors.
HAL has been the subject of several recent research reports. Jefferies Group reissued a “buy” rating on shares of Halliburton in a report on Tuesday, August 30th. Vetr raised Halliburton from a “hold” rating to a “buy” rating and set a $42.96 price target for the company in a report on Tuesday, September 13th. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, October 12th. Citigroup Inc. boosted their price target on Halliburton from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 11th. Finally, Societe Generale raised Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Monday, October 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.67.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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