Halliburton (NYSE:HAL) Insider Sells $1,437,701.72 in Stock

Halliburton (NYSE:HAL) insider Jeffrey Shannon Slocum sold 38,941 shares of Halliburton stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the transaction, the insider now directly owns 130,783 shares in the company, valued at $4,828,508.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Halliburton Trading Up 1.2 %

Shares of NYSE HAL traded up $0.44 during midday trading on Thursday, reaching $37.48. The stock had a trading volume of 5,880,147 shares, compared to its average volume of 6,940,814. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The company’s 50 day moving average price is $38.21 and its 200 day moving average price is $37.07. The firm has a market cap of $33.18 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Halliburton will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Halliburton

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nvwm LLC raised its holdings in shares of Halliburton by 1.2% in the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after acquiring an additional 259 shares during the last quarter. Lake Street Advisors Group LLC raised its position in Halliburton by 2.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock valued at $485,000 after buying an additional 268 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Halliburton by 2.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 10,875 shares of the oilfield services company’s stock valued at $440,000 after acquiring an additional 280 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Halliburton by 4.0% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,439 shares of the oilfield services company’s stock worth $301,000 after acquiring an additional 289 shares during the last quarter. Finally, CI Investments Inc. grew its stake in shares of Halliburton by 3.0% in the 3rd quarter. CI Investments Inc. now owns 10,012 shares of the oilfield services company’s stock worth $405,000 after acquiring an additional 295 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on HAL shares. StockNews.com lowered Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Raymond James dropped their price target on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. UBS Group upped their target price on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Barclays dropped their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.59.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.