Trade Report: The Halliburton Co. (HAL) Insider James S. Brown Sells 28,439 Shares

The Halliburton Co. (HAL) Insider James S. Brown Sells 28,439 Shares

Halliburton Co. (NYSE:HAL) insider James S. Brown sold 28,439 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $47.00, for a total transaction of $1,336,633.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Halliburton Co. (NYSE:HAL) traded up 0.69% during trading on Wednesday, hitting $46.96. 7,565,457 shares of the company’s stock were exchanged. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $47.64. The stock’s market cap is $40.44 billion. The stock’s 50-day moving average price is $43.58 and its 200-day moving average price is $42.41.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The business’s revenue for the quarter was down 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities analysts expect that Halliburton Co. will post ($0.18) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. Halliburton’s payout ratio is -10.86%.

HAL has been the subject of several recent analyst reports. Howard Weil upped their target price on shares of Halliburton from $37.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $45.00 price target (up from $37.00) on shares of Halliburton in a research note on Wednesday, June 15th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $46.00 price target on shares of Halliburton in a research note on Wednesday, June 15th. Simmons upped their price target on shares of Halliburton from $48.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 21st. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $54.00 price target (up from $45.00) on shares of Halliburton in a research note on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.17.

A number of large investors have recently made changes to their positions in HAL. Manchester Capital Management LLC increased its stake in shares of Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares during the last quarter. Point View Wealth Management Inc. increased its stake in shares of Halliburton by 0.6% in the second quarter. Point View Wealth Management Inc. now owns 6,254 shares of the oilfield services company’s stock worth $283,000 after buying an additional 39 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of Halliburton by 0.4% in the third quarter. Advisory Services Network LLC now owns 11,662 shares of the oilfield services company’s stock worth $523,000 after buying an additional 46 shares during the last quarter. Pitcairn Co. increased its stake in shares of Halliburton by 0.7% in the second quarter. Pitcairn Co. now owns 7,694 shares of the oilfield services company’s stock worth $349,000 after buying an additional 54 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in shares of Halliburton by 1.6% in the second quarter. Alpha Windward LLC now owns 3,609 shares of the oilfield services company’s stock worth $163,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.

Halliburton Company Profile

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