Insider Selling: Halliburton Company EVP Unloads 3,000 Shares of Stock (HAL)
Halliburton Company (NYSE:HAL) EVP Lawrence J. Pope sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $67.76, for a total value of $203,280.00. Following the completion of the transaction, the executive vice president now directly owns 150,126 shares in the company, valued at approximately $10,172,538. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Halliburton Company (NYSE:HAL) traded down 0.15% on Tuesday, hitting $68.77. 5,724,875 shares of the company’s stock traded hands. Halliburton Company has a 52-week low of $46.48 and a 52-week high of $74.33. The stock has a 50-day moving average of $70.20 and a 200-day moving average of $62.84. The company has a market cap of $58.491 billion and a P/E ratio of 20.59.
Halliburton Company (NYSE:HAL) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Halliburton Company will post $4.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.87%.
A number of research firms have recently commented on HAL. Analysts at Macquarie reiterated an “outperform” rating on shares of Halliburton Company in a research note on Wednesday, July 23rd. They now have a $78.00 price target on the stock, up previously from $72.00. Separately, analysts at Howard Weil raised their price target on shares of Halliburton Company from $75.00 to $80.00 in a research note on Tuesday, July 22nd. They now have a “sector outperform” rating on the stock. Finally, analysts at Argus raised their price target on shares of Halliburton Company from $79.00 to $84.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.35.
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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