Halliburton (NYSE:HAL) VP Timothy Mckeon Sells 3,846 Shares of Stock

Halliburton Company (NYSE:HAL) VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction on Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president directly owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. This represents a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Halliburton Stock Up 1.6%

HAL stock opened at $34.60 on Tuesday. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.03 and a beta of 0.73. Halliburton Company has a 1-year low of $18.72 and a 1-year high of $37.03. The firm has a fifty day moving average price of $33.43 and a two-hundred day moving average price of $28.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio (DPR) is currently 45.03%.

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new stake in Halliburton in the 3rd quarter valued at approximately $25,000. Nvest Wealth Strategies Inc. bought a new position in shares of Halliburton in the fourth quarter worth $25,000. Kelleher Financial Advisors acquired a new position in shares of Halliburton during the third quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Halliburton during the second quarter valued at $25,000. Finally, Zions Bancorporation National Association UT raised its stake in shares of Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after purchasing an additional 650 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HAL has been the subject of several recent research reports. Susquehanna upped their target price on Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price target on Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Wall Street Zen upgraded Halliburton from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Citigroup upped their price objective on Halliburton from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Argus increased their target price on Halliburton from $31.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.38.

About Halliburton

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.