Jill D. Sharp Sells 3,346 Shares of Halliburton (NYSE:HAL) Stock

Halliburton (NYSE:HAL) SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Halliburton Price Performance

HAL traded up $0.44 during 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. The stock has a 50 day moving average of $38.21 and a two-hundred day moving average of $37.07. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization 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 has a 1-year low of $27.84 and a 1-year high of $43.85.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HAL shares. Benchmark reiterated a “buy” rating and issued a $45.00 price target on shares of Halliburton in a research note on Wednesday, April 24th. TD Cowen boosted their price target on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. UBS Group boosted their target price on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Raymond James lowered their price objective 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. Two 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.59.

Hedge Funds Weigh In On Halliburton

Large investors have recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in Halliburton by 2.0% during the 3rd quarter. Mackenzie Financial Corp now owns 88,275 shares of the oilfield services company’s stock valued at $3,536,000 after purchasing an additional 1,737 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Halliburton by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,953 shares of the oilfield services company’s stock valued at $6,114,000 after buying an additional 4,276 shares during the period. Keel Point LLC purchased a new stake in Halliburton in the 3rd quarter worth about $212,000. Graypoint LLC boosted its position in Halliburton by 51.6% during the 3rd quarter. Graypoint LLC now owns 9,569 shares of the oilfield services company’s stock worth $388,000 after acquiring an additional 3,258 shares during the period. Finally, Gradient Investments LLC grew its stake in Halliburton by 310.8% during the 3rd quarter. Gradient Investments LLC now owns 2,654 shares of the oilfield services company’s stock valued at $107,000 after acquiring an additional 2,008 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.