Insider Selling: Halliburton (HAL) VP Sells $37,050.00 in Stock

Halliburton (NYSE:HAL) VP Anne L. Beaty sold 1,300 shares of the company’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $28.50, for a total value of $37,050.00. Following the transaction, the vice president now directly owns 58,848 shares in the company, valued at $1,677,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Anne L. Beaty also recently made the following trade(s):

  • On Thursday, November 8th, Anne L. Beaty sold 1,210 shares of Halliburton stock. The shares were sold at an average price of $36.23, for a total value of $43,838.30.

HAL opened at $30.87 on Friday. The stock has a market cap of $26.28 billion, a PE ratio of 25.30, a P/E/G ratio of 1.36 and a beta of 1.14. Halliburton has a 52-week low of $24.70 and a 52-week high of $57.86. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.



Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 EPS. On average, equities research analysts forecast that Halliburton will post 1.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 27th. Stockholders of record on Thursday, December 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.33%. Halliburton’s dividend payout ratio (DPR) is presently 59.02%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its stake in Halliburton by 0.6% during the 4th quarter. Moody National Bank Trust Division now owns 129,384 shares of the oilfield services company’s stock valued at $3,439,000 after purchasing an additional 772 shares during the period. IMS Capital Management bought a new stake in Halliburton during the 3rd quarter valued at approximately $46,000. Regent Investment Management LLC boosted its stake in Halliburton by 9.7% during the 3rd quarter. Regent Investment Management LLC now owns 15,780 shares of the oilfield services company’s stock valued at $640,000 after purchasing an additional 1,400 shares during the period. Daiwa SB Investments Ltd. boosted its stake in Halliburton by 9.2% during the 3rd quarter. Daiwa SB Investments Ltd. now owns 16,890 shares of the oilfield services company’s stock valued at $685,000 after purchasing an additional 1,420 shares during the period. Finally, CAPROCK Group Inc. boosted its stake in Halliburton by 20.6% during the 3rd quarter. CAPROCK Group Inc. now owns 8,388 shares of the oilfield services company’s stock valued at $340,000 after purchasing an additional 1,434 shares during the period. Institutional investors own 78.02% of the company’s stock.

Several research firms recently weighed in on HAL. Guggenheim set a $50.00 price target on Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 24th. Bank of America assumed coverage on Halliburton in a research report on Wednesday, October 17th. They issued a “buy” rating on the stock. Stephens assumed coverage on Halliburton in a research report on Friday, October 12th. They issued an “overweight” rating on the stock. Societe Generale set a $42.00 target price on Halliburton and gave the stock a “hold” rating in a research report on Monday, October 22nd. Finally, Seaport Global Securities set a $46.00 target price on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.16.

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About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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