Halliburton Company (NYSE:HAL – Get Free Report) COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Halliburton Price Performance
NYSE:HAL traded up $0.67 during trading hours on Thursday, hitting $35.69. The company’s stock had a trading volume of 11,646,886 shares, compared to its average volume of 13,610,777. The business’s 50-day moving average is $34.11 and its two-hundred day moving average is $36.50. The company has a market capitalization of $29.73 billion, a PE ratio of 18.69, a PEG ratio of 2.17 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton Company has a 52-week low of $20.83 and a 52-week high of $43.59.
Halliburton (NYSE:HAL – Get Free Report) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company earned $0.55 earnings per share. Halliburton’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, research analysts anticipate that Halliburton Company will post 2.34 EPS for the current fiscal year.
Analysts Set New Price Targets
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Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after buying an additional 6,507 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after acquiring an additional 20,583 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after acquiring an additional 10,408 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Halliburton by 309.1% in the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after acquiring an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Halliburton during the first quarter valued at $895,000. 85.23% of the stock is owned by hedge funds and other institutional investors.
Halliburton Company Profile
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
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