Van Beckwith Sells 54,348 Shares of Halliburton (NYSE:HAL) Stock

Halliburton Company (NYSE:HALGet Free Report) EVP Van Beckwith sold 54,348 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the sale, the executive vice president owned 344,535 shares of the company’s stock, valued at $12,044,943.60. This trade represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Halliburton Trading Up 0.3%

Shares of HAL opened at $34.27 on Wednesday. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $35.55. The business’s 50-day moving average price is $29.27 and its 200 day moving average price is $25.50. The stock has a market capitalization of $28.85 billion, a P/E 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 (NYSE:HALGet Free Report) last released its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. Analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.17 per share. The ex-dividend date 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 presently 45.03%.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. TD Cowen boosted their target price on Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Rothschild & Co Redburn began coverage on shares of Halliburton in a research note on Monday, November 3rd. They issued a “buy” rating and a $35.00 target price on the stock. Stifel Nicolaus set a $36.00 price target on Halliburton in a report on Thursday, January 22nd. Evercore ISI upped their price objective on shares of Halliburton from $35.00 to $36.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their target price on Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.57.

Get Our Latest Report on Halliburton

Institutional Trading of Halliburton

Several hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Halliburton during the third quarter valued at $25,000. Kelleher Financial Advisors bought a new position in Halliburton during the third quarter worth about $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Halliburton during the 2nd quarter valued at about $25,000. Strive Asset Management LLC acquired a new position in shares of Halliburton in the third quarter valued at approximately $31,000. Finally, Root Financial Partners LLC acquired a new position in Halliburton in the 3rd quarter worth $32,000. 85.23% of the stock is owned by institutional investors.

Halliburton Company Profile

(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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