Traders Sell Shares of Halliburton (HAL) on Strength (HAL)
Traders sold shares of Halliburton Company (NYSE:HAL) on strength during trading hours on Monday. $193.47 million flowed into the stock on the tick-up and $242.53 million flowed out of the stock on the tick-down, for a money net flow of $49.06 million out of the stock. Of all stocks tracked, Halliburton had the 30th highest net out-flow for the day. Halliburton traded up $3.39 for the day and closed at $56.40
Several research firms recently weighed in on HAL. Cowen set a $55.00 price target on Halliburton and gave the company a “hold” rating in a research report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 target price on shares of Halliburton in a research report on Tuesday, January 16th. Guggenheim raised Halliburton from a “neutral” rating to a “buy” rating in a research report on Monday. Zacks Investment Research lowered Halliburton from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Jefferies Group set a $57.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $56.53.
The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The firm has a market capitalization of $49,210.00, a price-to-earnings ratio of 235.00, a P/E/G ratio of 2.94 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio is 300.00%.
In other news, VP Anne L. Beaty sold 1,245 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $51.50, for a total transaction of $64,117.50. Following the transaction, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,133,208.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,612 shares of company stock worth $6,556,433. 0.47% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Balyasny Asset Management LLC boosted its stake in Halliburton by 7,314.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after purchasing an additional 3,700,084 shares during the period. Janus Henderson Group PLC boosted its stake in Halliburton by 3,294.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after purchasing an additional 3,672,887 shares during the period. American Century Companies Inc. boosted its stake in Halliburton by 63.2% during the 3rd quarter. American Century Companies Inc. now owns 4,468,404 shares of the oilfield services company’s stock valued at $205,681,000 after purchasing an additional 1,730,559 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Halliburton by 851.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,754,431 shares of the oilfield services company’s stock valued at $80,756,000 after purchasing an additional 1,570,099 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its stake in Halliburton by 5,029.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,493,220 shares of the oilfield services company’s stock valued at $68,733,000 after purchasing an additional 1,464,108 shares during the period. 79.89% of the stock is currently owned by institutional investors and hedge funds.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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