Insider Selling: Halliburton (NYSE:HAL) CFO Sells 141,206 Shares of Stock

Halliburton (NYSE:HAL) CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Halliburton Trading Down 1.9 %

HAL opened at $25.98 on Thursday. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $27.52 and a 200 day moving average of $29.24. The firm has a market cap of $22.82 billion, a P/E ratio of 9.18, a P/E/G ratio of 3.53 and a beta of 1.89.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.62%. Halliburton’s dividend payout ratio is currently 24.03%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HAL shares. Evercore ISI reduced their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Barclays lowered their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Institutional Trading of Halliburton

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Horrell Capital Management Inc. bought a new position in Halliburton during the fourth quarter valued at $33,000. Sierra Ocean LLC bought a new position in Halliburton during the 4th quarter valued at about $36,000. Modus Advisors LLC purchased a new stake in Halliburton in the 4th quarter worth about $38,000. Continuum Advisory LLC lifted its stake in Halliburton by 101.2% in the third 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 last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of Halliburton during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Company Profile

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.