Traders Sell Shares of Halliburton (HAL) on Strength on Insider Selling

Investors sold shares of Halliburton Company (NYSE:HAL) on strength during trading on Thursday following insider selling activity. $82.75 million flowed into the stock on the tick-up and $135.63 million flowed out of the stock on the tick-down, for a money net flow of $52.88 million out of the stock. Of all stocks tracked, Halliburton had the 20th highest net out-flow for the day. Halliburton traded up $1.13 for the day and closed at $51.63Specifically, insider Timothy Mckeon sold 1,609 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total transaction of $78,824.91. Following the completion of the sale, the insider now owns 18,612 shares of the company’s stock, valued at approximately $911,801.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robb L. Voyles sold 5,953 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $50.00, for a total transaction of $297,650.00. The disclosure for this sale can be found here. Insiders sold a total of 106,147 shares of company stock valued at $4,723,895 in the last three months. Insiders own 0.46% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Jefferies Group set a $57.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, December 26th. Royal Bank of Canada set a $60.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday, December 21st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $56.00 price objective (up previously from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. Finally, Piper Jaffray Companies set a $52.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $57.36.

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 company has a market capitalization of $45,050.00, a P/E ratio of 215.13, a PEG ratio of 2.87 and a beta of 1.03.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. equities research analysts predict that Halliburton Company will post 1.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.

Large investors have recently modified their holdings of the company. Airain ltd lifted its stake in shares of Halliburton by 31.8% in the 2nd quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock worth $20,992,000 after acquiring an additional 118,512 shares during the period. Swiss National Bank lifted its stake in shares of Halliburton by 3.4% in the 2nd quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock worth $135,292,000 after acquiring an additional 104,500 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Halliburton by 439.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 946,218 shares of the oilfield services company’s stock worth $42,854,000 after acquiring an additional 770,975 shares during the period. Standard Life Investments LTD lifted its stake in shares of Halliburton by 9.7% in the 2nd quarter. Standard Life Investments LTD now owns 7,395,844 shares of the oilfield services company’s stock worth $315,913,000 after acquiring an additional 656,533 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of Halliburton by 2.5% in the 2nd quarter. CI Investments Inc. now owns 1,315,750 shares of the oilfield services company’s stock worth $56,196,000 after acquiring an additional 31,700 shares during the period. 79.79% of the stock is owned by institutional investors.

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About Halliburton

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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