Halliburton Company (HAL) Director Jeffrey Allen Miller Sells 725 Shares
Halliburton Company (NYSE:HAL) Director Jeffrey Allen Miller sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of $50.28, for a total value of $36,453.00. Following the completion of the sale, the director now owns 299,777 shares of the company’s stock, valued at $15,072,787.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Halliburton Company (NYSE:HAL) traded down 0.52% during midday trading on Friday, hitting $47.44. 10,225,462 shares of the stock traded hands. Halliburton Company has a 52 week low of $38.24 and a 52 week high of $58.78. The firm’s market capitalization is $41.13 billion. The company’s 50-day moving average is $50.09 and its 200 day moving average is $51.55. Halliburton Company also was the target of some unusual options trading activity on Wednesday. Traders bought 24,703 call options on the company. This is an increase of approximately 195% compared to the average volume of 8,388 call options.
Halliburton Company (NYSE:HAL) last posted its earnings results on Monday, January 23rd. The oilfield services company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.06 billion. Halliburton Company had a negative net margin of 36.28% and a negative return on equity of 0.15%. The company’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. Analysts anticipate that Halliburton Company will post $0.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, February 27th. Halliburton Company’s dividend payout ratio (DPR) is -10.75%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HAL. Independent Advisor Alliance acquired a new position in Halliburton Company during the fourth quarter worth approximately $101,000. Israel Discount Bank of New York GFN purchased a new position in shares of Halliburton Company during the fourth quarter worth about $100,000. Perigon Wealth Management LLC purchased a new position in shares of Halliburton Company during the fourth quarter worth about $109,000. Sowell Financial Services LLC purchased a new position in shares of Halliburton Company during the fourth quarter worth about $117,000. Finally, Ledyard National Bank increased its position in shares of Halliburton Company by 1.1% in the first quarter. Ledyard National Bank now owns 2,319 shares of the oilfield services company’s stock worth $114,000 after buying an additional 25 shares during the last quarter. 79.50% of the stock is currently owned by institutional investors and hedge funds.
HAL has been the subject of several recent analyst reports. Citigroup Inc cut their target price on Halliburton Company from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Evercore ISI upped their target price on Halliburton Company from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Vetr upgraded shares of Halliburton Company from a “hold” rating to a “buy” rating and set a $59.26 price target for the company in a report on Wednesday, January 18th. SunTrust Banks, Inc. started coverage on shares of Halliburton Company in a report on Wednesday, January 18th. They set a “buy” rating and a $72.00 price target for the company. Finally, BMO Capital Markets reiterated a “buy” rating and set a $67.00 price target on shares of Halliburton Company in a report on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $59.69.
Halliburton Company Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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