Insider Selling: Mark A. Mccollum Sells 41,998 Shares of Halliburton Company Stock (HAL)
Halliburton Company (NYSE:HAL) CFO Mark A. Mccollum sold 41,998 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $69.37, for a total transaction of $2,913,401.26. Following the completion of the sale, the chief financial officer now directly owns 119,127 shares of the company’s stock, valued at approximately $8,263,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
HAL has been the subject of a number of recent research reports. 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 equities 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. The stock presently has a consensus 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 one year low of $40.12 and a one year 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 price-to-earnings ratio of 22.53. Halliburton Company also saw 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. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 5,174,615 shares, the days-to-cover ratio is presently 2.3 days.
Halliburton Company (NYSE:HAL) last announced its earnings results on Monday, April 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Halliburton Company will post $3.98 EPS 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 0.88%. 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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