Jeffrey Allen Miller Sells 171,200 Shares of Halliburton (NYSE:HAL) Stock

Halliburton Company (NYSE:HALGet Free Report) CEO Jeffrey Allen Miller sold 171,200 shares of Halliburton stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $34.96, for a total value of $5,985,152.00. Following the completion of the transaction, the chief executive officer directly owned 1,101,243 shares in the company, valued at approximately $38,499,455.28. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Halliburton Stock Up 0.3%

HAL opened at $34.27 on Wednesday. The business has a 50 day moving average of $29.27 and a 200-day moving average of $25.50. The stock has a market capitalization of $28.85 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.04 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $35.55.

Halliburton (NYSE:HALGet Free Report) last released its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the company earned $0.73 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is 45.03%.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. Stifel Nicolaus set a $36.00 price objective on Halliburton in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. Susquehanna boosted their price target on shares of Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. UBS Group raised their price objective on shares of Halliburton from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Piper Sandler lifted their target price on shares of Halliburton from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $34.57.

View Our Latest Stock Analysis on HAL

Hedge Funds Weigh In On Halliburton

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Halliburton by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after buying an additional 6,507 shares in the last quarter. Woodline Partners LP increased its holdings in Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock valued at $1,861,000 after purchasing an additional 20,583 shares in the last quarter. Focus Partners Wealth raised its position in Halliburton by 25.0% in the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares during the last quarter. Intech Investment Management LLC raised its position in Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after purchasing an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Halliburton in the first quarter worth $895,000. 85.23% of the stock is owned by institutional investors.

About Halliburton

(Get Free Report)

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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

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