Halliburton Company (NYSE:HAL – Get Free Report) was the target of some unusual options trading on Friday. Stock traders acquired 25,477 call options on the stock. This represents an increase of approximately 45% compared to the average volume of 17,623 call options.
Insiders Place Their Bets
In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the sale, the chief financial officer owned 148,520 shares of the company’s stock, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company’s stock.
Hedge Funds Weigh In On Halliburton
Hedge funds have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Halliburton by 10.2% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after buying an additional 258 shares during the period. Vermillion Wealth Management Inc. raised its holdings in shares of Halliburton by 24.8% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock valued at $41,000 after buying an additional 289 shares during the period. Carlson Financial Inc. lifted its stake in Halliburton by 2.7% during the 2nd quarter. Carlson Financial Inc. now owns 11,278 shares of the oilfield services company’s stock worth $383,000 after acquiring an additional 295 shares in the last quarter. Greenleaf Trust lifted its stake in Halliburton by 2.0% during the 2nd quarter. Greenleaf Trust now owns 17,348 shares of the oilfield services company’s stock worth $589,000 after acquiring an additional 342 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in Halliburton by 1.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock valued at $659,000 after acquiring an additional 349 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.
Halliburton Trading Up 2.2%
Halliburton (NYSE:HAL – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the company earned $0.55 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts anticipate that Halliburton will post 2.34 EPS for the current fiscal year.
Halliburton Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton’s payout ratio is 35.60%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on HAL shares. Capital One Financial lifted their price objective on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Argus cut their target price on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a report on Wednesday, July 8th. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Wolfe Research started coverage on shares of Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $43.10.
View Our Latest Report on Halliburton
About Halliburton
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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