Halliburton (NYSE:HAL) CFO Sells $3,689,712.78 in Stock

Halliburton (NYSE:HAL) CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Halliburton Price Performance

Shares of NYSE HAL traded down $0.49 during trading on Wednesday, hitting $26.01. The company had a trading volume of 4,122,506 shares, compared to its average volume of 10,948,826. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market cap of $22.85 billion, a P/E ratio of 9.19, a PEG ratio of 3.53 and a beta of 1.89. The business’s 50-day moving average is $27.52 and its 200 day moving average is $29.24. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.61%. Halliburton’s dividend payout ratio is currently 24.03%.

Institutional Trading of Halliburton

A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Halliburton in the 4th quarter worth about $299,986,000. Franklin Resources Inc. grew its position in Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after purchasing an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. increased its stake in Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares during the period. Amundi boosted its stake in shares of Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after buying an additional 2,378,043 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAL has been the subject of several recent research reports. Morgan Stanley lowered their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Stifel Nicolaus dropped their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group reduced their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Benchmark dropped their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

About Halliburton

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.