Halliburton CEO Sells $3,764,176 in Stock (HAL)
Halliburton (NYSE:HAL) CEO David Lesar sold 72,388 shares of the stock on the open market in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $52.00, for a total value of $3,764,176.00. Following the sale, the chief executive officer now directly owns 588,515 shares in the company, valued at approximately $30,602,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Halliburton (NYSE:HAL) traded down 0.48% on Thursday, hitting $51.72. 6,336,685 shares of the company’s stock traded hands. Halliburton has a 52-week low of $29.83 and a 52-week high of $50.50. The stock’s 50-day moving average is $47.51 and its 200-day moving average is $43.37. The company has a market cap of $47.250 billion and a price-to-earnings ratio of 25.44.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 22nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts predict that Halliburton will post $3.20 earnings per share for the current fiscal year.
A number of research firms have recently commented on HAL. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Monday. Separately, analysts at Raymond James upgraded shares of Halliburton from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $63.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Halliburton from $67.00 to $63.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $56.70.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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