Insider Selling: Halliburton (HAL) VP Sells 1,300 Shares of Stock

Share on StockTwits

Halliburton (NYSE:HAL) VP Anne L. Beaty sold 1,300 shares of the stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the completion of the transaction, the vice president now directly owns 58,848 shares of the company’s stock, valued at $1,677,168. The sale was disclosed in a filing with the SEC, which is available at this link.

Anne L. Beaty also recently made the following trade(s):

  • On Thursday, November 8th, Anne L. Beaty sold 1,210 shares of Halliburton stock. The stock was sold at an average price of $36.23, for a total value of $43,838.30.

Shares of HAL opened at $30.87 on Friday. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.36 and a beta of 1.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.73 and a current ratio of 2.31. Halliburton has a 52 week low of $24.70 and a 52 week high of $57.86.

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

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 27th. Shareholders of record on Thursday, December 6th were given a $0.18 dividend. The ex-dividend date was Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.33%. Halliburton’s payout ratio is 59.02%.

Large investors have recently bought and sold shares of the company. Ardsley Advisory Partners bought a new position in shares of Halliburton in the 2nd quarter worth $4,957,000. Kentucky Retirement Systems bought a new position in shares of Halliburton in the 3rd quarter worth $3,554,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Halliburton by 8.3% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 32,917 shares of the oilfield services company’s stock worth $1,329,000 after purchasing an additional 2,513 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of Halliburton by 17.5% in the 3rd quarter. Vident Investment Advisory LLC now owns 14,248 shares of the oilfield services company’s stock worth $577,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Halliburton by 1,183.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,231 shares of the oilfield services company’s stock worth $686,000 after purchasing an additional 14,044 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.

A number of equities analysts have recently issued reports on HAL shares. Morgan Stanley started coverage on Halliburton in a report on Tuesday, September 18th. They issued an “overweight” rating and a $50.00 target price for the company. JPMorgan Chase & Co. set a $60.00 target price on Halliburton and gave the stock a “buy” rating in a report on Monday, September 17th. UBS Group set a $42.00 target price on Halliburton and gave the stock a “buy” rating in a report on Thursday, December 20th. Seaport Global Securities set a $46.00 target price on Halliburton and gave the stock a “buy” rating in a report on Tuesday, October 23rd. Finally, Macquarie set a $40.00 price target on Halliburton and gave the company a “hold” rating in a report on Tuesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average price target of $50.16.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Macon Daily and is owned by of Macon Daily. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://macondaily.com/2019/01/11/insider-selling-halliburton-hal-vp-sells-1300-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: Liquidity

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