Insider Selling: James S. Brown Sells 29,000 Shares of Halliburton Company Stock (HAL)
Halliburton Company (NYSE:HAL) Insider James S. Brown sold 29,000 shares of Halliburton Company stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $70.00, for a total transaction of $2,030,000.00. Following the completion of the transaction, the insider now directly owns 308,967 shares in the company, valued at approximately $21,627,690. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Halliburton Company (NYSE:HAL) traded down 3.14% during mid-day trading on Tuesday, hitting $68.16. 7,032,835 shares of the company’s stock traded hands. Halliburton Company has a 52 week low of $40.12 and a 52 week high of $70.79. The stock has a 50-day moving average of $65. and a 200-day moving average of $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. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 5,174,615 shares, the days-to-cover ratio is currently 2.3 days.
Halliburton Company (NYSE:HAL) last announced its 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. 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. Shareholders 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.
A number of analysts have recently weighed in on HAL shares. 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 research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Halliburton Company currently has a consensus rating of “Buy” and a consensus price target of $72.62.
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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