Halliburton Company (NYSE:HAL) insider James S. Brown sold 29,485 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $44.01, for a total value of $1,297,634.85. Following the completion of the transaction, the insider now owns 129,646 shares in the company, valued at approximately $5,705,720.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Halliburton Company (NYSE:HAL) traded up $0.53 during mid-day trading on Friday, reaching $43.99. The company’s stock had a trading volume of 7,872,400 shares, compared to its average volume of 8,772,278. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The firm has a market capitalization of $38,380.00, a PE ratio of 59.42, a price-to-earnings-growth ratio of 4.69 and a beta of 1.03. Halliburton Company has a one year low of $38.18 and a one year high of $58.78.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. analysts predict that Halliburton Company will post 1.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.72 annualized dividend and a yield of 1.64%. Halliburton’s dividend payout ratio (DPR) is 300.00%.
Hedge funds have recently bought and sold shares of the business. Ledyard National Bank grew its stake in shares of Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its stake in shares of Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares in the last quarter. Estabrook Capital Management grew its stake in shares of Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after buying an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Halliburton by 4.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock valued at $182,000 after buying an additional 167 shares in the last quarter. 79.95% of the stock is owned by institutional investors.
Several equities research analysts recently commented on HAL shares. B. Riley reaffirmed a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price target on Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup cut their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $57.00 price target (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.55.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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