Insider Selling: Halliburton (NYSE:HAL) COO Sells 5,441 Shares of Stock

Halliburton Company (NYSE:HAL - Get Free Report) COO Jeffrey Shannon Slocum sold 5,441 shares of Halliburton stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the completion of the transaction, the chief operating officer directly owned 187,423 shares of the company's stock, valued at approximately $6,338,645.86. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Halliburton Stock Up 4.2%

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Shares of NYSE:HAL opened at $35.61 on Wednesday. The firm has a market capitalization of $29.83 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.03 and a beta of 0.73. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $37.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. The firm's 50-day moving average is $34.07 and its two-hundred day moving average is $28.68.

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Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.55 by $0.14. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. Analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, March 4th. Halliburton's dividend payout ratio (DPR) is currently 45.03%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HAL. Royal Bank Of Canada upped their price objective on Halliburton from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, January 22nd. Capital One Financial lifted their target price on Halliburton from $25.00 to $35.00 and gave the company an "overweight" rating in a report on Wednesday, January 21st. Jefferies Financial Group reissued a "buy" rating and set a $39.00 target price on shares of Halliburton in a research note on Friday, February 6th. The Goldman Sachs Group increased their price target on Halliburton from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Halliburton in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.38.

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View Our Latest Research Report on HAL

Institutional Investors Weigh In On Halliburton

Several institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in shares of Halliburton by 13.0% during the 4th quarter. Corient Private Wealth LLC now owns 142,423 shares of the oilfield services company's stock worth $4,026,000 after purchasing an additional 16,380 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Halliburton by 21.2% in the fourth quarter. Hsbc Holdings PLC now owns 2,274,017 shares of the oilfield services company's stock valued at $64,306,000 after buying an additional 397,282 shares during the last quarter. Groupama Asset Managment raised its stake in Halliburton by 19.9% in the fourth quarter. Groupama Asset Managment now owns 1,941,931 shares of the oilfield services company's stock valued at $54,879,000 after buying an additional 322,066 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in Halliburton during the 4th quarter worth about $219,000. Finally, MV Capital Management Inc. acquired a new position in shares of Halliburton during the 4th quarter worth about $33,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton helped deliver the industry’s first fully closed‑loop automated geological well placement offshore Guyana, a milestone with ExxonMobil and partners that showcases rig automation, automated subsurface interpretation and real‑time hydraulics — a potential long‑term efficiency and competitiveness boost for Halliburton’s offshore services. ExxonMobil and Halliburton Achieve World’s First Fully Closed-Loop Automated Geological Well Placement in Guyana
• Positive Sentiment: Sector tailwinds: firming crude prices and a rebound in drilling activity are lifting oilfield services peers and boosting expectations for higher utilization and pricing for Halliburton; recent coverage ties the rally to rising oil and contract momentum. Baker Hughes, Halliburton, and Transocean Are All Up 5% — Here's the Story Behind Each Stock's Move
• Neutral Sentiment: Analyst landscape and targets are mostly constructive (median ~$35.50) with multiple buy/overweight opinions — this provides support but limits near‑term upside unless guidance or oil dynamics surprise to the upside. Halliburton rises as oil prices firm and investors refocus on drilling-demand tailwinds
• Neutral Sentiment: Recent writeups and market commentary note short‑term outperformance versus the market; helpful for sentiment but not a fundamental catalyst by itself. Halliburton (HAL) Exceeds Market Returns: Some Facts to Consider
• Negative Sentiment: Insider selling: two senior execs (COO Jeffrey Slocum and EVP Van H. Beckwith) sold shares on March 16th — sizable, disclosed sales that can weigh on sentiment even if routine for tax/planned liquidity. SEC filing - Jeffery Shannon Slocum Form 4 SEC filing - Van H. Beckwith Form 4

Halliburton Company Profile

(Get Free Report)

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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