Insider Selling: David J. Lesar Sells 38,699 Shares of Halliburton Company Stock (HAL)
Halliburton Company (NYSE:HAL) CEO David J. Lesar sold 38,699 shares of the company’s stock on the open market in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $62.00, for a total transaction of $2,399,338.00. Following the transaction, the chief executive officer now directly owns 576,372 shares of the company’s stock, valued at approximately $35,735,064. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Halliburton Company (NYSE:HAL) traded up 0.73% during mid-day trading on Tuesday, hitting $63.38. 9,324,533 shares of the company’s stock traded hands. Halliburton Company has a 52-week low of $38.99 and a 52-week high of $63.88. The stock’s 50-day moving average is $58.0 and its 200-day moving average is $53.3. The company has a market cap of $53.928 billion and a price-to-earnings ratio of 26.76. Halliburton Company also was the target of some unusual options trading activity on Monday. Investors purchased 13,961 put options on the company. This represents an increase of approximately 154% compared to the average daily volume of 5,498 put options.
Halliburton Company (NYSE:HAL) last released its earnings data on Monday, April 21st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the company posted $0.67 earnings per share. Halliburton Company’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Halliburton Company will post $3.94 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at UBS AG raised their price target on shares of Halliburton Company from $70.00 to $80.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Halliburton Company from $68.00 to $73.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Halliburton Company from $70.00 to $82.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $66.34.
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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