Halliburton Company Target of Unusually Large Options Trading (HAL)
Shares of Halliburton Company (NYSE:HAL) were the recipient of unusually large options trading activity on Wednesday. Investors bought 32,859 call options on the stock, American Banking and Market News reports. This represents an increase of 248% compared to the average volume of 9,451 call options.
In other Halliburton Company news, EVP Lawrence J. Pope unloaded 3,000 shares of the company’s 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 transaction of $203,280.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $77.35.
Halliburton Company (NYSE:HAL) traded down 1.91% during mid-day trading on Wednesday, hitting $68.48. 15,524,026 shares of the company’s stock traded hands. Halliburton Company has a one year low of $47.46 and a one year high of $74.33. The stock has a 50-day moving average of $69.87 and a 200-day moving average of $63.67. The company has a market cap of $58.244 billion and a price-to-earnings ratio of 20.87.
Halliburton Company (NYSE:HAL) last posted its quarterly earnings data on Monday, July 21st. The company reported $0.91 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.73 earnings per share. Halliburton Company’s revenue was up 10.0% compared to the same quarter last year. 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. Shareholders 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 0.88%. The ex-dividend date of this dividend is Friday, August 29th.
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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