Halliburton (NYSE:HAL) CFO Eric Carre Sells 141,206 Shares of Stock

Halliburton (NYSE:HAL) CFO Eric Carre sold 141,206 shares of Halliburton 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Halliburton Trading Down 1.9 %

Shares of HAL stock opened at $25.98 on Thursday. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56. The stock has a market capitalization 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. The firm’s 50 day moving average is $27.52 and its 200 day moving average is $29.24.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.62%. Halliburton’s payout ratio is currently 24.03%.

Institutional Trading of Halliburton

Hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in shares of Halliburton by 11.1% during the 3rd quarter. CWM LLC now owns 32,366 shares of the oilfield services company’s stock valued at $940,000 after purchasing an additional 3,224 shares during the last quarter. Inspire Investing LLC grew its position in Halliburton by 26.0% during the third quarter. Inspire Investing LLC now owns 9,855 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 2,034 shares during the period. Exchange Traded Concepts LLC increased its holdings in Halliburton by 203.8% during the third quarter. Exchange Traded Concepts LLC now owns 21,866 shares of the oilfield services company’s stock valued at $635,000 after buying an additional 14,668 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Halliburton by 30.1% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,045 shares of the oilfield services company’s stock worth $205,000 after acquiring an additional 1,629 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HAL shares. Morgan Stanley dropped their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Jefferies Financial Group cut their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Susquehanna cut their price target on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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.