Insider Selling: Halliburton (NYSE:HAL) CFO Sells 51,179 Shares of Stock

Halliburton (NYSE:HAL) CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,177,525. This trade represents a 28.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eric Carre also recently made the following trade(s):

• On Tuesday, February 11th, Eric Carre sold 141,206 shares of Halliburton stock. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78.

Halliburton Stock Performance

Shares of NYSE:HAL traded up $0.21 during trading on Monday, hitting $25.28. 3,621,481 shares of the stock were exchanged, compared to its average volume of 10,828,759. The company’s fifty day simple moving average is $26.55 and its 200-day simple moving average is $28.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is 24.03%.

Institutional Trading of Halliburton

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Halliburton in the fourth quarter worth $299,986,000. Franklin Resources Inc. boosted its stake in Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after purchasing an additional 3,150,986 shares in the last quarter. Amundi lifted its stake in shares of Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after acquiring an additional 2,378,043 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after acquiring an additional 2,171,722 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HAL shares. Piper Sandler initiated coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Jefferies Financial Group cut their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Stifel Nicolaus cut their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.