Investors Sell Shares of Halliburton (HAL) on Strength on Insider Selling

Traders sold shares of Halliburton (NYSE:HAL) on strength during trading on Monday following insider selling activity. $43.92 million flowed into the stock on the tick-up and $80.17 million flowed out of the stock on the tick-down, for a money net flow of $36.25 million out of the stock. Of all companies tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.35 for the day and closed at $41.06Specifically, Director Murry Gerber bought 5,800 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $40.66 per share, with a total value of $235,828.00. Following the completion of the acquisition, the director now owns 60,961 shares in the company, valued at approximately $2,478,674.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

HAL has been the subject of a number of recent research reports. B. Riley set a $51.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, June 26th. Raymond James cut their target price on shares of Halliburton from $59.00 to $55.00 and set a “strong-buy” rating for the company in a report on Tuesday, September 11th. Credit Suisse Group set a $52.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. set a $60.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Monday, September 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $54.96.

The stock has a market capitalization of $35.82 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.12 billion. Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts forecast that Halliburton will post 2.01 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 5th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. Halliburton’s dividend payout ratio (DPR) is 59.02%.

Several large investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its position in shares of Halliburton by 2.9% during the first quarter. Moors & Cabot Inc. now owns 34,491 shares of the oilfield services company’s stock worth $1,619,000 after purchasing an additional 969 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Halliburton by 1.2% during the second quarter. Xact Kapitalforvaltning AB now owns 93,786 shares of the oilfield services company’s stock worth $4,226,000 after purchasing an additional 1,105 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Halliburton by 58.5% during the second quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after purchasing an additional 1,116 shares during the last quarter. GWM Advisors LLC lifted its position in shares of Halliburton by 8.1% during the second quarter. GWM Advisors LLC now owns 15,307 shares of the oilfield services company’s stock worth $681,000 after purchasing an additional 1,150 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Halliburton by 2.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 62,265 shares of the oilfield services company’s stock worth $2,805,000 after purchasing an additional 1,191 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.

About Halliburton (NYSE:HAL)

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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