Halliburton Company VP Albert O. Cornelison, Jr. Unloads 25,100 Shares (HAL)
Halliburton Company (NYSE:HAL) VP Albert O. Cornelison, Jr. sold 25,100 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $69.24, for a total value of $1,737,924.00. Following the sale, the vice president now directly owns 76,968 shares of the company’s stock, valued at approximately $5,329,264. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Halliburton Company in a research note on Monday. They now have a $79.00 price target on the stock, up previously from $78.00. Separately, analysts at Drexel Hamilton initiated coverage on shares of Halliburton Company in a research note on Friday. They set a “buy” rating and a $79.00 price target on the stock. Finally, analysts at Howard Weil raised their price target on shares of Halliburton Company from $73.00 to $75.00 in a research note on Wednesday, June 18th. They now have a “sector outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton Company presently has an average rating of “Buy” and an average price target of $72.62.
Halliburton Company (NYSE:HAL) traded down 3.14% on Tuesday, hitting $68.16. The stock had a trading volume of 7,032,835 shares. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $70.79. The stock’s 50-day moving average is $65. and its 200-day moving average is $57.29. The company has a market cap of $57.562 billion and a P/E ratio of 22.53. Halliburton Company also was the target of a large decrease in short interest in the month of May. As of May 30th, there was short interest totalling 11,768,827 shares, a decrease of 17.7% from the May 15th total of 14,298,141 shares. Based on an average daily volume of 5,174,615 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.4% of the shares of the company are sold short.
Halliburton Company (NYSE:HAL) last issued its quarterly 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 $3.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders 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 0.88%. 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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