Insider Selling: James S. Brown Unloads 6,000 Shares of Halliburton Company Stock (HAL)
Halliburton Company (NYSE:HAL) Insider James S. Brown unloaded 6,000 shares of Halliburton Company stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $66.50, for a total transaction of $399,000.00. Following the completion of the transaction, the insider now directly owns 308,967 shares in the company, valued at approximately $20,546,306. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Halliburton Company (NYSE:HAL) traded down 0.10% during mid-day trading on Tuesday, hitting $67.105. 1,782,570 shares of the company’s stock traded hands. Halliburton Company has a 1-year low of $40.12 and a 1-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 $56.672 billion and a P/E ratio of 21.50.
Halliburton Company (NYSE:HAL) last posted its quarterly earnings results 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. Stockholders 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.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton Company has a consensus rating of “Buy” and an average target price of $69.69.
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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