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.
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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