Insider Selling: Halliburton (HAL) VP Sells 1,210 Shares of Stock

Halliburton (NYSE:HAL) VP Anne L. Beaty sold 1,210 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $36.23, for a total value of $43,838.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of HAL traded down $0.35 during mid-day trading on Friday, reaching $35.02. The company’s stock had a trading volume of 474,312 shares, compared to its average volume of 11,324,258. Halliburton has a 1 year low of $33.73 and a 1 year high of $57.86. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $31.34 billion, a P/E ratio of 28.68, a PEG ratio of 0.96 and a beta of 1.07.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same period in the prior year, the business posted $0.42 earnings per share. Halliburton’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts expect that Halliburton will post 1.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, December 5th. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.

Several hedge funds and other institutional investors have recently bought and sold shares of HAL. Clinton Group Inc. acquired a new position in shares of Halliburton in the second quarter worth $269,000. Fisher Asset Management LLC increased its stake in shares of Halliburton by 11.7% in the second quarter. Fisher Asset Management LLC now owns 510,180 shares of the oilfield services company’s stock worth $22,989,000 after acquiring an additional 53,522 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Halliburton by 18.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,712 shares of the oilfield services company’s stock worth $708,000 after acquiring an additional 2,500 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Halliburton by 27.4% in the second quarter. State of Alaska Department of Revenue now owns 139,879 shares of the oilfield services company’s stock worth $6,301,000 after acquiring an additional 30,050 shares during the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Halliburton by 58.5% in the second quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after acquiring an additional 1,116 shares during the last quarter. 79.62% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on HAL shares. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a research report on Friday, September 7th. Wolfe Research started coverage on Halliburton in a research report on Wednesday, October 10th. They set an “outperform” rating for the company. UBS Group set a $50.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Credit Suisse Group set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Thursday, September 6th. Finally, ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.60.

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Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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