Halliburton Co. (HAL) Insider James S. Brown Sells 28,439 Shares of Stock
Halliburton Co. (NYSE:HAL) insider James S. Brown sold 28,439 shares of Halliburton stock in a transaction on Monday, October 10th. The shares were sold at an average price of $47.00, for a total value of $1,336,633.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Halliburton Co. (NYSE:HAL) opened at 46.96 on Thursday. The firm’s market cap is $40.44 billion. Halliburton Co. has a 12-month low of $27.64 and a 12-month high of $47.64. The company has a 50-day moving average price of $43.58 and a 200-day moving average price of $42.41.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.05. The firm earned $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The firm’s revenue was down 35.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. On average, equities analysts predict that Halliburton Co. will post ($0.18) earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. Jennison Associates LLC increased its stake in Halliburton by 74.6% in the second quarter. Jennison Associates LLC now owns 10,985,623 shares of the oilfield services company’s stock worth $497,539,000 after buying an additional 4,695,475 shares during the last quarter. FMR LLC increased its stake in Halliburton by 40.1% in the second quarter. FMR LLC now owns 13,373,769 shares of the oilfield services company’s stock worth $605,699,000 after buying an additional 3,829,088 shares during the last quarter. Capital World Investors increased its stake in Halliburton by 13.4% in the second quarter. Capital World Investors now owns 29,055,680 shares of the oilfield services company’s stock worth $1,315,932,000 after buying an additional 3,440,198 shares during the last quarter. Bank of Montreal Can bought a new stake in Halliburton during the second quarter worth about $126,987,000. Finally, Schroder Investment Management Group increased its stake in Halliburton by 497.8% in the second quarter. Schroder Investment Management Group now owns 2,473,431 shares of the oilfield services company’s stock worth $112,022,000 after buying an additional 2,059,670 shares during the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.
A number of equities research analysts have weighed in on HAL shares. Loop Capital started coverage on Halliburton in a research report on Friday, September 30th. They set a “buy” rating for the company. Vetr lowered Halliburton from a “buy” rating to a “hold” rating and set a $42.96 target price for the company. in a research report on Tuesday, September 6th. Guggenheim reaffirmed a “sell” rating on shares of Halliburton in a research report on Wednesday, August 31st. KeyCorp reaffirmed an “overweight” rating and set a $54.00 target price (up from $45.00) on shares of Halliburton in a research report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Halliburton in a research report on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.17.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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