Halliburton Company CFO Mark A. Mccollum Unloads 6,189 Shares (HAL)
Halliburton Company (NYSE:HAL) CFO Mark A. Mccollum unloaded 6,189 shares of the stock on the open market in a transaction dated Friday, May 23rd. The shares were sold at an average price of $63.56, for a total value of $393,372.84. Following the completion of the transaction, the chief financial officer now directly owns 120,525 shares in the company, valued at approximately $7,660,569. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on HAL shares. Analysts at FBR Capital Markets raised their price target on shares of Halliburton Company from $58.00 to $69.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Separately, analysts at Argus raised their price target on shares of Halliburton Company from $58.00 to $79.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Halliburton Company from $54.00 to $60.00 in a research note on Wednesday, April 23rd. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $68.83.
Shares of Halliburton Company (NYSE:HAL) traded down 0.06% on Tuesday, hitting $63.97. The stock had a trading volume of 4,178,307 shares. Halliburton Company has a 52-week low of $40.12 and a 52-week high of $65.11. The stock has a 50-day moving average of $62.45 and a 200-day moving average of $55.5. The company has a market cap of $54.024 billion and a P/E ratio of 20.49.
Halliburton Company (NYSE:HAL) last announced its earnings results on Monday, April 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Halliburton Company will post $3.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, June 2nd.
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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