Halliburton (NYSE:HAL) EVP Van H. Beckwith Sells 10,000 Shares

Halliburton (NYSE:HAL) EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the transaction, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at $10,481,883.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Halliburton Stock Up 0.3 %

NYSE:HAL opened at $37.59 on Friday. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.93 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average price of $38.21 and a two-hundred day moving average price of $37.07. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on HAL. Benchmark restated a “buy” rating and issued a $45.00 price target on shares of Halliburton in a research report on Wednesday, April 24th. Barclays dropped their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. The Goldman Sachs Group raised their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Jefferies Financial Group upped their price target on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Citigroup boosted their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $48.59.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Capital World Investors boosted its position in Halliburton by 0.4% during the 4th quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after acquiring an additional 479,877 shares during the last quarter. Sanders Capital LLC lifted its holdings in Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares during the last quarter. Norges Bank acquired a new position in shares of Halliburton in the fourth quarter valued at about $400,070,000. Northern Trust Corp increased its holdings in shares of Halliburton by 3.0% during the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after purchasing an additional 265,680 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Halliburton by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock valued at $284,822,000 after acquiring an additional 1,568,485 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

About Halliburton

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.