Halliburton Company (NYSE:HAL) EVP Robb L. Voyles sold 5,953 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $50.00, for a total transaction of $297,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Halliburton Company (HAL) traded up $1.13 during trading on Thursday, hitting $51.63. 10,140,000 shares of the stock were exchanged, compared to its average volume of 8,330,000. The stock has a market cap of $45,050.00, a P/E ratio of 215.13, a price-to-earnings-growth ratio of 2.87 and a beta of 1.03. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 EPS. equities research analysts forecast that Halliburton Company will post 1.16 earnings per share for the current year.
A number of brokerages have commented on HAL. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Loop Capital reaffirmed a “buy” rating and set a $57.00 target price (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Scotiabank reaffirmed a “buy” rating and set a $52.00 target price on shares of Halliburton in a research note on Wednesday, October 25th. Citigroup reduced their target price on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Finally, Cowen reaffirmed a “market perform” rating and set a $50.00 target price on shares of Halliburton in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned 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 currently has an average rating of “Buy” and a consensus target price of $57.36.
Several hedge funds have recently made changes to their positions in HAL. Estabrook Capital Management grew its holdings in shares of Halliburton by 82.8% in the second quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after purchasing an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Halliburton by 243.3% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after purchasing an additional 2,243 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Halliburton by 4.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock valued at $182,000 after purchasing an additional 167 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Halliburton in the third quarter valued at approximately $184,000. Finally, Krilogy Financial LLC grew its holdings in shares of Halliburton by 35.9% in the second quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company’s stock valued at $196,000 after purchasing an additional 1,212 shares in the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.
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Halliburton Company Profile
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.
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