Halliburton (NYSE:HAL) Insider Sells $4,443,200.00 in Stock

Halliburton Company (NYSE:HAL) insider Mark Richard sold 160,000 shares of Halliburton stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the sale, the insider owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This represents a 26.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Halliburton Stock Up 0.4%

Shares of NYSE HAL traded up $0.12 during trading on Thursday, hitting $27.05. 7,894,149 shares of the company traded hands, compared to its average volume of 13,472,840. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. The business’s fifty day moving average is $24.44 and its 200 day moving average is $22.38. The firm has a market capitalization of $22.76 billion, a price-to-earnings ratio of 17.92 and a beta of 1.03. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HAL has been the topic of several recent analyst reports. Susquehanna raised their price objective on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada raised shares of Halliburton from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 22nd. Rothschild Redb upgraded shares of Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Bank of America increased their price objective on shares of Halliburton from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Finally, Melius Research started coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $31.48.

Institutional Trading of Halliburton

Several hedge funds have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in Halliburton during the third quarter valued at about $25,000. Stone House Investment Management LLC purchased a new position in shares of Halliburton in the 1st quarter worth about $30,000. Newbridge Financial Services Group Inc. bought a new position in shares of Halliburton during the 2nd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in shares of Halliburton during the 3rd quarter valued at about $32,000. Finally, Zions Bancorporation National Association UT bought a new stake in Halliburton in the 1st quarter worth approximately $37,000. 85.23% of the stock is currently owned by institutional investors.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.