Traders Sell Halliburton (HAL) on Strength (HAL)

Traders sold shares of Halliburton (NYSE:HAL) on strength during trading hours on Tuesday. $41.32 million flowed into the stock on the tick-up and $80.73 million flowed out of the stock on the tick-down, for a money net flow of $39.41 million out of the stock. Of all companies tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.28 for the day and closed at $40.08

Several research firms recently commented on HAL. Bank of America began coverage on Halliburton in a report on Wednesday. They set a “buy” rating on the stock. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a report on Friday, June 29th. Zacks Investment Research raised Halliburton from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, June 26th. B. Riley set a $51.00 price objective on Halliburton and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus initiated coverage on Halliburton in a report on Monday, September 10th. They issued a “buy” rating and a $45.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $53.56.

The stock has a market cap of $35.66 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 2.54 and a beta of 1.01. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 1.18.

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

In other news, Director Murry Gerber bought 5,800 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were acquired at an average price of $40.66 per share, for a total transaction of $235,828.00. Following the completion of the transaction, the director now directly owns 60,961 shares in the company, valued at approximately $2,478,674.26. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanders Capital LLC lifted its position in shares of Halliburton by 5.3% in the second quarter. Sanders Capital LLC now owns 15,844,408 shares of the oilfield services company’s stock valued at $779,554,000 after acquiring an additional 799,300 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Halliburton by 3.8% in the second quarter. Macquarie Group Ltd. now owns 14,579,725 shares of the oilfield services company’s stock valued at $656,962,000 after acquiring an additional 531,196 shares in the last quarter. Northern Trust Corp lifted its position in shares of Halliburton by 0.5% in the second quarter. Northern Trust Corp now owns 10,303,279 shares of the oilfield services company’s stock valued at $464,265,000 after acquiring an additional 53,426 shares in the last quarter. Morgan Stanley lifted its position in shares of Halliburton by 25.2% in the second quarter. Morgan Stanley now owns 6,879,339 shares of the oilfield services company’s stock valued at $309,984,000 after acquiring an additional 1,385,703 shares in the last quarter. Finally, Natixis lifted its position in shares of Halliburton by 79.6% in the second quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock valued at $169,931,000 after acquiring an additional 1,671,817 shares in the last quarter. Institutional investors and hedge funds own 78.84% 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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