Halliburton Company (NYSE:HAL) insider Timothy Mckeon sold 1,609 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total transaction of $78,824.91. Following the transaction, the insider now owns 18,612 shares in the company, valued at $911,801.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Halliburton Company (NYSE HAL) opened at $53.14 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The firm has a market cap of $46,370.00, a P/E ratio of 221.42, a P/E/G ratio of 3.08 and a beta of 1.03. Halliburton Company has a twelve month low of $38.18 and a twelve month high of $58.78.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. Halliburton’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 EPS. analysts forecast that Halliburton Company will post 1.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 7th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 300.00%.
A number of research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Halliburton in a research note on Wednesday, November 1st. Cowen set a $55.00 target price on shares of Halliburton and gave the company a “hold” rating in a research note on Thursday. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Zacks Investment Research cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Jefferies Group set a $57.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $56.90.
A number of institutional investors have recently bought and sold shares of the stock. Comerica Securities Inc. increased its holdings in shares of Halliburton by 0.3% in the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock worth $282,000 after buying an additional 18 shares during the last quarter. Hedeker Wealth LLC increased its holdings in shares of Halliburton by 0.3% in the 2nd quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock worth $834,000 after buying an additional 56 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Halliburton by 0.6% in the 2nd quarter. Pacer Advisors Inc. now owns 17,413 shares of the oilfield services company’s stock worth $744,000 after buying an additional 103 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its holdings in shares of Halliburton by 0.8% in the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 13,715 shares of the oilfield services company’s stock worth $586,000 after buying an additional 115 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of Halliburton by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 19,775 shares of the oilfield services company’s stock worth $845,000 after buying an additional 120 shares during the last quarter. 79.79% of the stock is currently owned by institutional investors and hedge funds.
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Halliburton 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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