Investors Purchase High Volume of Call Options on Halliburton Company (HAL)
Halliburton Company (NYSE:HAL) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 30,470 call options on the company, American Banking News reports. This represents an increase of 244% compared to the typical daily volume of 8,857 call options.
In other Halliburton Company news, CFO Mark A. Mccollum unloaded 41,998 shares of the stock on the open market in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $69.37, for a total value of $2,913,401.26. 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 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, June 20th. 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 analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $72.62.
Halliburton Company (NYSE:HAL) traded up 1.88% on Wednesday, hitting $69.44. 9,132,333 shares of the company’s stock traded hands. Halliburton Company has a one year low of $40.96 and a one year high of $70.79. The stock’s 50-day moving average is $65.41 and its 200-day moving average is $57.42. The company has a market cap of $58.643 billion and a P/E ratio of 21.82.
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. Analysts expect that Halliburton Company will post $3.97 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 0.86%. 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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