Halliburton Company CEO Unloads $2,368,097 in Stock (HAL)
Halliburton Company (NYSE:HAL) CEO David J. Lesar sold 35,350 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $66.99, for a total transaction of $2,368,096.50. Following the transaction, the chief executive officer now directly owns 576,372 shares of the company’s stock, valued at approximately $38,611,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on HAL. Analysts at Macquarie initiated coverage on shares of Halliburton Company in a research note on Wednesday, June 4th. They set an “outperform” rating and a $72.00 price target on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.69.
Shares of Halliburton Company (NYSE:HAL) traded down 0.10% during mid-day trading on Tuesday, hitting $67.10. 1,780,310 shares of the company’s stock traded hands. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $67.32. The stock has a 50-day moving average of $63.9 and a 200-day moving average of $56.18. The company has a market cap of $56.667 billion and a P/E ratio of 21.50.
Halliburton Company (NYSE:HAL) last released its earnings data 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. On average, analysts predict that Halliburton Company will post $3.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. The ex-dividend date 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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