Halliburton (NYSE:HAL - Get Free Report) VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Halliburton Stock Performance
NYSE HAL opened at $24.89 on Tuesday. The company has a market cap of $21.60 billion, a P/E ratio of 8.79, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock has a 50-day moving average of $26.77 and a two-hundred day moving average of $28.44.
Halliburton Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's payout ratio is currently 24.03%.
Analysts Set New Price Targets
HAL has been the subject of a number of recent research reports. Morgan Stanley cut their target price on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. JPMorgan Chase & Co. cut their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.42.
Check Out Our Latest Stock Report on Halliburton
Hedge Funds Weigh In On Halliburton
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in Halliburton during the 4th quarter worth $36,000. Continuum Advisory LLC increased its holdings in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after purchasing an additional 698 shares during the period. Modus Advisors LLC purchased a new stake in Halliburton during the 4th quarter worth about $38,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Halliburton in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 85.23% of the company's stock.
Halliburton Company Profile
(
Get Free Report)
Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.
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