Key Points
- Insider sale: Michael Casey Maxwell sold 20,348 Halliburton shares on May 5 at an average of $41.89 for about $852,378, cutting his holding by 17.83% to 93,763 shares; the transaction was made under a pre‑arranged Rule 10b5‑1 trading plan.
- Company performance and market view: Halliburton beat Q1 EPS estimates ($0.55 vs $0.50) on $5.40B revenue, pays a $0.17 quarterly dividend (≈1.7% yield), and carries a consensus analyst rating of Moderate Buy with an average target of $41.09 while the stock trades near $40.42 (1‑year range $19.22–$42.46).
Halliburton Company (NYSE:HAL - Get Free Report) insider Michael Casey Maxwell sold 20,348 shares of the firm's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $41.89, for a total value of $852,377.72. Following the sale, the insider owned 93,763 shares of the company's stock, valued at $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Halliburton Stock Down 3.1%
Shares of Halliburton stock opened at $40.42 on Thursday. The business has a 50-day moving average of $37.51 and a 200-day moving average of $32.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The company has a market capitalization of $33.76 billion, a PE ratio of 22.21, a P/E/G ratio of 1.83 and a beta of 0.73. Halliburton Company has a 1-year low of $19.22 and a 1-year high of $42.46.
Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company's revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. As a group, equities analysts forecast that Halliburton Company will post 2.32 EPS for the current fiscal year.
Halliburton Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton's dividend payout ratio (DPR) is 37.36%.
Analyst Ratings Changes
HAL has been the subject of a number of research reports. Evercore upgraded Halliburton from an "in-line" rating to an "outperform" rating and set a $42.00 price target for the company in a research note on Friday, March 20th. Citigroup lifted their price target on Halliburton from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Susquehanna lifted their price target on Halliburton from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Tuesday, April 7th. TD Cowen lifted their price target on Halliburton from $40.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada lifted their price target on Halliburton from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.09.
Check Out Our Latest Research Report on Halliburton
Hedge Funds Weigh In On Halliburton
A number of hedge funds and other institutional investors have recently bought and sold shares of HAL. Cullen Frost Bankers Inc. acquired a new position in Halliburton in the third quarter valued at approximately $25,000. Nvest Wealth Strategies Inc. acquired a new position in Halliburton in the fourth quarter valued at approximately $25,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton during the second quarter valued at approximately $25,000. Finally, Zions Bancorporation National Association UT raised its holdings in shares of Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company's stock valued at $28,000 after buying an additional 650 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.
About Halliburton
(
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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