Halliburton (NYSE:HAL) Stock Price Down 0.3% on Insider Selling

Halliburton (NYSE:HAL)’s stock price dropped 0.3% on Friday after an insider sold shares in the company. The company traded as low as $37.25 and last traded at $37.36. Approximately 1,090,733 shares were traded during trading, a decline of 84% from the average daily volume of 6,875,200 shares. The stock had previously closed at $37.48.

Specifically, insider Jeffrey Shannon Slocum sold 38,941 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $1,437,701.72. Following the completion of the transaction, the insider now owns 130,783 shares in the company, valued at approximately $4,828,508.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Halliburton news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $1,437,701.72. Following the completion of the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at $4,828,508.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 434,287 shares of company stock worth $15,415,304. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group upped their price target on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Citigroup boosted their price objective on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 target price on shares of Halliburton in a report on Wednesday, January 24th. Morgan Stanley lifted their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group increased their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.59.

Halliburton Stock Down 1.0 %

The firm has a 50 day simple moving average of $38.21 and a two-hundred day simple moving average of $37.07. The stock has a market capitalization of $32.85 billion, a P/E ratio of 12.93, a PEG ratio of 0.93 and a beta of 2.01. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. Halliburton’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. On average, equities research analysts expect that Halliburton will post 3.39 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its position in Halliburton by 271.0% during the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after acquiring an additional 561,020 shares during the last quarter. Cerity Partners LLC increased its holdings in Halliburton by 69.5% in the fourth quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after purchasing an additional 84,771 shares in the last quarter. KLCM Advisors Inc. lifted its stake in Halliburton by 6.9% in the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after buying an additional 31,534 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Halliburton by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after buying an additional 22,906 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Halliburton by 13.1% during the 3rd quarter. California State Teachers Retirement System now owns 2,037,646 shares of the oilfield services company’s stock worth $82,525,000 after buying an additional 235,906 shares during the period. 85.23% of the stock is owned by institutional investors.

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.