Halliburton Company EVP Sells $203,280 in Stock (HAL)
Halliburton Company (NYSE:HAL) EVP Lawrence J. Pope unloaded 3,000 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was 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 of the company’s stock, valued at approximately $10,172,538. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Halliburton Company (NYSE:HAL) traded down 0.61% on Thursday, hitting $68.36. The stock had a trading volume of 997,646 shares. Halliburton Company has a 52 week low of $47.01 and a 52 week high of $74.33. The stock’s 50-day moving average is $70.0 and its 200-day moving average is $63.12. The company has a market cap of $58.142 billion and a price-to-earnings ratio of 20.56.
Halliburton Company (NYSE:HAL) last announced its earnings results on Monday, July 21st. The company reported $0.91 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.87%.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton Company has a consensus rating of “Buy” and a consensus price target 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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