Timothy Mckeon Sells 3,846 Shares of Halliburton (NYSE:HAL) Stock

Halliburton Company (NYSE:HAL) VP Timothy Mckeon sold 3,846 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $34.37, for a total value of $132,187.02. Following the transaction, the vice president owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Halliburton Stock Up 2.0%

Shares of NYSE:HAL opened at $35.34 on Wednesday. The firm has a market cap of $29.60 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.06 and a beta of 0.73. The company has a fifty day simple moving average of $33.56 and a 200 day simple moving average of $28.24. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $37.03.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.9%. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

Hedge Funds Weigh In On Halliburton

Several institutional investors have recently made changes to their positions in HAL. Cullen Frost Bankers Inc. bought a new stake in shares of Halliburton in the 3rd quarter worth approximately $25,000. Nvest Wealth Strategies Inc. acquired a new position in Halliburton during the 4th quarter valued at approximately $25,000. Kelleher Financial Advisors bought a new position in Halliburton during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new position in Halliburton during the 2nd quarter worth $25,000. Finally, Zions Bancorporation National Association UT increased its position in Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the period. 85.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets upped their price objective on Halliburton from $36.00 to $39.00 and gave the company a “market perform” rating in a research note on Thursday, January 22nd. Rothschild & Co Redburn boosted their price target on Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Piper Sandler upped their price target on Halliburton from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Zephirin Group cut Halliburton from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $30.00 to $28.00 in a research note on Friday, January 23rd. Finally, Stifel Nicolaus set a $36.00 price objective on shares of Halliburton in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.