Halliburton (NYSE:HAL) COO Jeffrey Shannon Slocum Sells 52,572 Shares

Halliburton Company (NYSE:HAL) COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Halliburton Stock Performance

NYSE HAL opened at $35.69 on Friday. The stock has a market capitalization of $29.73 billion, a PE ratio of 18.69, a P/E/G ratio of 2.19 and a beta of 0.73. The business has a 50 day simple moving average of $34.03 and a two-hundred day simple moving average of $36.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton Company has a 1-year low of $20.83 and a 1-year high of $43.59.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. On average, research analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on HAL. Barclays dropped their price objective on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Argus decreased their target price on shares of Halliburton from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets set a $37.00 price target on shares of Halliburton in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Finally, Freedom Capital raised Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.10.

Institutional Investors Weigh In On Halliburton

Several hedge funds and other institutional investors have recently made changes to their positions in HAL. Nvest Wealth Strategies Inc. bought a new position in Halliburton during the 4th quarter valued at about $25,000. Kelleher Financial Advisors purchased a new stake in Halliburton in the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton in the second quarter worth about $25,000. Kilter Group LLC bought a new stake in Halliburton in the second quarter worth about $26,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Halliburton during the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.