Halliburton Company (NYSE:HAL) Chairman David J. Lesar sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the sale, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The firm had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The company’s revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS.

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Hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Halliburton during the 1st quarter valued at $100,000. Perigon Wealth Management LLC boosted its holdings in shares of Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares in the last quarter. Ledyard National Bank boosted its holdings in shares of Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its holdings in shares of Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. boosted its holdings in shares of Halliburton by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares in the last quarter. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on HAL. Piper Jaffray Companies set a $53.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday. Citigroup Inc. dropped their target price on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Scotiabank reissued a “buy” rating and set a $52.00 target price on shares of Halliburton in a research report on Wednesday, October 25th. Loop Capital reissued a “buy” rating and set a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Finally, Cowen and Company reissued a “market perform” rating and set a $50.00 target price on shares of Halliburton in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.55.

About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Insider Buying and Selling by Quarter for Halliburton (NYSE:HAL)

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