Insider Selling: Halliburton Company VP Unloads 17,067 Shares of Stock (HAL)
Halliburton Company (NYSE:HAL) VP Albert O. Cornelison, Jr. sold 17,067 shares of the stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $66.92, for a total transaction of $1,142,123.64. Following the sale, the vice president now directly owns 76,968 shares of the company’s stock, valued at approximately $5,150,699. The sale was disclosed in a document filed with the SEC, which is available at 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 issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $69.69.
Shares of Halliburton Company (NYSE:HAL) traded down 0.07% during mid-day trading on Tuesday, hitting $67.12. The stock had a trading volume of 1,719,278 shares. Halliburton Company has a one year low of $40.12 and a one year high of $67.32. The stock’s 50-day moving average is $63.9 and its 200-day moving average is $56.18. The company has a market cap of $56.684 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 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. 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. Shareholders 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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