Traders Sell Shares of Halliburton (HAL) on Strength (HAL)

Investors sold shares of Halliburton (NYSE:HAL) on strength during trading on Monday. $38.31 million flowed into the stock on the tick-up and $134.56 million flowed out of the stock on the tick-down, for a money net flow of $96.25 million out of the stock. Of all stocks tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.20 for the day and closed at $39.80

HAL has been the subject of a number of research analyst reports. Citigroup reduced their price objective on shares of Halliburton from $61.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, June 25th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Tuesday, June 26th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Halliburton in a report on Friday, June 29th. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Jefferies Financial Group set a $52.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $53.56.

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.72 and a current ratio of 2.24. The firm has a market cap of $35.66 billion, a PE ratio of 32.85, a PEG ratio of 2.54 and a beta of 1.01.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, analysts anticipate that Halliburton will post 1.99 earnings per share for the current fiscal year.

In other news, Director Murry Gerber acquired 5,800 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $2,478,674.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction dated 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. Corporate insiders own 0.54% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avestar Capital LLC lifted its position in Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after buying an additional 2,180 shares during the last quarter. Sun Life Financial INC lifted its position in Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 2,188 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in Halliburton in the first quarter valued at about $129,000. Squar Milner Financial Services LLC acquired a new position in Halliburton in the second quarter valued at about $130,000. Finally, Banco de Sabadell S.A acquired a new position in Halliburton in the second quarter valued at about $136,000. 78.84% of the stock is currently owned by institutional investors.

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.

See Also: Insider Trading

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply