Insider Selling: Halliburton (NYSE:HAL) Insider Sells 38,941 Shares of Stock

Halliburton (NYSE:HAL) insider Jeffrey Shannon Slocum sold 38,941 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the sale, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The transaction was disclosed in a filing with the SEC, which is available at this link.

Halliburton Trading Up 0.3 %

Shares of Halliburton stock opened at $37.61 on Friday. The company’s fifty day moving average is $38.21 and its two-hundred day moving average is $37.07. Halliburton has a 1 year low of $27.84 and a 1 year 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 has a market capitalization of $33.30 billion, a P/E ratio of 12.97, a PEG ratio of 0.93 and a beta of 2.01.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HAL shares. Susquehanna reiterated a “positive” rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. The Goldman Sachs Group upped their price objective on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. UBS Group raised their price target on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley boosted their price objective on Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. Finally, Citigroup lifted their target price on Halliburton from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.59.

Hedge Funds Weigh In On Halliburton

A number of large investors have recently made changes to their positions in HAL. Capital World Investors grew its position in Halliburton by 0.4% during the fourth quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after buying an additional 479,877 shares during the period. Sanders Capital LLC raised its holdings in Halliburton by 3.4% during the fourth 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 purchased a new stake in Halliburton during the fourth quarter worth $400,070,000. Northern Trust Corp grew its holdings in Halliburton by 3.0% in the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after purchasing an additional 265,680 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Halliburton by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock valued at $284,822,000 after buying an additional 1,568,485 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.