Halliburton (HAL) VP Anne L. Beaty Sells 1,210 Shares of Stock

Share on StockTwits

Halliburton (NYSE:HAL) VP Anne L. Beaty sold 1,210 shares of Halliburton stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $36.23, for a total transaction of $43,838.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

HAL traded down $0.39 during mid-day trading on Friday, reaching $34.98. 9,356,846 shares of the company traded hands, compared to its average volume of 11,308,685. The firm has a market cap of $31.90 billion, a PE ratio of 28.67, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 1.16. Halliburton has a 52-week low of $33.73 and a 52-week high of $57.86.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. As a group, research analysts forecast that Halliburton will post 1.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.06%. Halliburton’s dividend payout ratio is presently 59.02%.

A number of institutional investors and hedge funds have recently made changes to their positions in HAL. Clinton Group Inc. purchased a new stake in Halliburton during the 2nd quarter valued at $269,000. Fisher Asset Management LLC raised its stake in Halliburton by 11.7% during the 2nd quarter. Fisher Asset Management LLC now owns 510,180 shares of the oilfield services company’s stock valued at $22,989,000 after buying an additional 53,522 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Halliburton by 18.9% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,712 shares of the oilfield services company’s stock valued at $708,000 after buying an additional 2,500 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Halliburton by 27.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 139,879 shares of the oilfield services company’s stock valued at $6,301,000 after buying an additional 30,050 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in Halliburton by 58.5% during the 2nd quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock valued at $137,000 after buying an additional 1,116 shares during the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

Several research firms have recently issued reports on HAL. Royal Bank of Canada set a $54.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Citigroup set a $51.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, July 24th. B. Riley set a $51.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Thursday, July 26th. Societe Generale set a $42.00 price objective on shares of Halliburton and gave the stock a “hold” rating in a report on Monday, October 22nd. Finally, BMO Capital Markets set a $54.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $51.60.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Macon Daily and is the property of of Macon Daily. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://macondaily.com/2018/11/10/halliburton-hal-vp-anne-l-beaty-sells-1210-shares-of-stock.html.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Further Reading: What are the reasons investors use put options?

Insider Buying and Selling by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply