Halliburton Co. (NYSE:HAL) insider Joe D. Rainey sold 23,162 shares of Halliburton stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $50.23, for a total transaction of $1,163,427.26. Following the sale, the insider now directly owns 185,819 shares of the company’s stock, valued at approximately $9,333,688.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Joe D. Rainey also recently made the following trade(s):

  • On Wednesday, October 19th, Joe D. Rainey sold 1,172 shares of Halliburton stock. The shares were sold at an average price of $50.22, for a total transaction of $58,857.84.

Shares of Halliburton Co. (NYSE:HAL) opened at 49.47 on Thursday. The stock’s market cap is $42.76 billion. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $50.49. The stock has a 50 day moving average of $47.64 and a 200 day moving average of $44.44.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. Halliburton had a negative net margin of 33.29% and a positive return on equity of 1.82%. The firm earned $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. Equities research analysts forecast that Halliburton Co. will post ($0.05) EPS for the current year.

Insider Buying and Selling by Quarter for Halliburton (NYSE:HAL)

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 7th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, December 5th. Halliburton’s dividend payout ratio (DPR) is -10.98%.

Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $19,278,000. Nuveen Asset Management LLC boosted its stake in shares of Halliburton by 2.3% in the first quarter. Nuveen Asset Management LLC now owns 66,487 shares of the oilfield services company’s stock valued at $2,375,000 after buying an additional 1,506 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Halliburton by 230.3% in the first quarter. Squarepoint Ops LLC now owns 60,766 shares of the oilfield services company’s stock valued at $2,171,000 after buying an additional 42,366 shares during the period. Avalon Advisors LLC boosted its stake in shares of Halliburton by 42.9% in the first quarter. Avalon Advisors LLC now owns 22,271 shares of the oilfield services company’s stock valued at $796,000 after buying an additional 6,681 shares during the period. Finally, One Capital Management LLC boosted its stake in shares of Halliburton by 2.3% in the first quarter. One Capital Management LLC now owns 36,983 shares of the oilfield services company’s stock valued at $1,276,000 after buying an additional 816 shares during the period. Hedge funds and other institutional investors own 80.34% of the company’s stock.

Several analysts have recently weighed in on HAL shares. Jefferies Group reaffirmed a “buy” rating on shares of Halliburton in a research note on Tuesday, August 30th. Vetr raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $42.96 price target for the company in a research note on Tuesday, September 13th. Societe Generale raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Monday, October 3rd. Loop Capital assumed coverage on shares of Halliburton in a report on Friday, September 30th. They set a “buy” rating on the stock. Finally, Citigroup Inc. reissued a “buy” rating on shares of Halliburton in a report on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has an average rating of “Buy” and an average price target of $50.81.

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About Halliburton

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.

5 Day Chart for NYSE:HAL

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