Key Points
- EVP Van Beckwith sold 8,854 Halliburton shares on Dec. 5 at an average price of $27.89 for $246,938, trimming his stake by 2.59% to 333,528 shares (valued ≈ $9.3M).
- Halliburton beat Q3 estimates with $0.58 EPS (vs. $0.50) and $5.60B revenue (vs. $5.39B), though revenue was down 1.7% year‑over‑year.
- The company declared a quarterly dividend of $0.17 (annualized $0.68, ~2.4% yield) with an ex‑dividend date of Dec. 3, and analysts hold a "Moderate Buy" consensus with an average target of $31.55.
Halliburton Company (NYSE:HAL - Get Free Report) EVP Van Beckwith sold 8,854 shares of Halliburton stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.89, for a total transaction of $246,938.06. Following the sale, the executive vice president directly owned 333,528 shares of the company's stock, valued at $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Halliburton Trading Down 1.4%
NYSE HAL opened at $28.06 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The stock's 50-day simple moving average is $25.79 and its two-hundred day simple moving average is $23.18. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $30.40. The company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 18.58 and a beta of 0.81.
Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company's revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. Research analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.
Halliburton Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. Halliburton's dividend payout ratio (DPR) is 45.03%.
Analyst Ratings Changes
HAL has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of Halliburton from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 23rd. Weiss Ratings restated a "hold (c-)" rating on shares of Halliburton in a research report on Wednesday, October 8th. Stifel Nicolaus set a $32.00 price objective on Halliburton in a research note on Wednesday, October 22nd. Bank of America boosted their target price on Halliburton from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets raised their price target on Halliburton from $28.00 to $31.00 in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $31.55.
Get Our Latest Stock Analysis on Halliburton
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Kelleher Financial Advisors bought a new position in Halliburton in the third quarter worth $25,000. Newbridge Financial Services Group Inc. purchased a new position in Halliburton during the second quarter valued at $25,000. Stone House Investment Management LLC bought a new stake in shares of Halliburton during the 1st quarter valued at $30,000. Finally, Strive Asset Management LLC bought a new stake in shares of Halliburton during the 3rd quarter valued at $31,000. 85.23% of the stock is currently owned by institutional investors.
About Halliburton
(
Get Free Report)
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.
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