Halliburton EVP Unloads $151,320 in Stock (HAL)
Halliburton (NYSE:HAL) EVP Lawrence J. Pope unloaded 3,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $50.44, for a total transaction of $151,320.00. Following the completion of the transaction, the executive vice president now directly owns 167,712 shares of the company’s stock, valued at approximately $8,459,393. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on HAL. Analysts at Goldman Sachs Group Inc. reiterated a “positive” rating on shares of Halliburton in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Halliburton in a research note to investors on Thursday. They now have a $53.00 price target on the stock. Finally, analysts at Socgen reiterated a “buy” rating on shares of Halliburton in a research note to investors on Thursday. They now have a $58.00 price target on the stock, down previously from $62.00. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $61.12.
Shares of Halliburton (NYSE:HAL) traded down 0.07% during mid-day trading on Friday, hitting $50.865. 3,300,439 shares of the company’s stock traded hands. Halliburton has a 52 week low of $36.46 and a 52 week high of $56.52. The stock has a 50-day moving average of $50.34 and a 200-day moving average of $49.33. The company has a market cap of $43.145 billion and a P/E ratio of 23.41.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.01. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Halliburton will post $3.19 EPS for the current fiscal year.
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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