Halliburton (NYSE:HAL) Insider Mark Richard Sells 160,000 Shares

Halliburton Company (NYSE:HAL) insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the transaction, the insider owned 452,374 shares in the company, valued at approximately $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Halliburton Trading Up 0.4%

Shares of Halliburton stock traded up $0.12 on Thursday, hitting $27.05. The stock had a trading volume of 7,894,149 shares, compared to its average volume of 13,472,840. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The stock’s 50-day simple moving average is $24.44 and its two-hundred day simple moving average is $22.38. The stock has a market cap of $22.76 billion, a price-to-earnings ratio of 17.92 and a beta of 1.03.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Institutional Investors Weigh In On Halliburton

Institutional investors have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC purchased a new stake in Halliburton in the 2nd quarter worth $287,000. V Square Quantitative Management LLC boosted its stake in shares of Halliburton by 82.1% in the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock worth $997,000 after acquiring an additional 22,045 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Halliburton by 42.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 308,099 shares of the oilfield services company’s stock worth $7,816,000 after purchasing an additional 91,791 shares in the last quarter. Perpetual Ltd raised its stake in Halliburton by 29.7% during the 2nd quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock valued at $22,050,000 after purchasing an additional 248,015 shares during the period. Finally, Jump Financial LLC raised its stake in Halliburton by 2,895.2% during the 1st quarter. Jump Financial LLC now owns 756,150 shares of the oilfield services company’s stock valued at $19,184,000 after purchasing an additional 730,905 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Zephirin Group upped their target price on Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada raised Halliburton from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Bank of America increased their price target on shares of Halliburton from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Zacks Research raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.48.

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.