Key Points
- Halliburton COO Jeffrey Shannon Slocum sold 52,572 shares at an average price of $35.09, generating approximately $1.84 million. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his stake by 30.69% to 118,730 shares.
- Halliburton’s latest quarterly results exceeded expectations, with adjusted EPS of $0.55 and revenue of $5.71 billion, up 3.7% year over year.
- Analysts maintain a generally positive view, with an average “Moderate Buy” rating and a consensus price target of $43.10, compared with the stock’s reported opening price of $35.69.
Halliburton Company (NYSE:HAL - Get Free Report) COO Jeffrey Shannon Slocum sold 52,572 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Halliburton Stock Up 1.9%
NYSE:HAL opened at $35.69 on Friday. The company has a market cap of $29.73 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. Halliburton Company has a twelve month low of $20.83 and a twelve month high of $43.59. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $34.03 and a 200-day simple moving average of $36.51.
Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $5.71 billion for the quarter, compared to analysts' expectations of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on HAL shares. Barclays reduced their target price on shares of Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley lowered their price target on Halliburton from $41.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Susquehanna dropped their price objective on Halliburton from $45.00 to $42.00 and set a "positive" rating on the stock in a research note on Wednesday, July 8th. UBS Group reduced their price objective on Halliburton from $40.00 to $39.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Finally, Rothschild & Co Redburn lifted their target price on Halliburton from $40.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and a consensus price target of $43.10.
Get Our Latest Stock Report on Halliburton
Institutional Investors Weigh In On Halliburton
Several large investors have recently modified their holdings of HAL. Symphony Financial Ltd. Co. boosted its stake in shares of Halliburton by 9.7% during the second quarter. Symphony Financial Ltd. Co. now owns 8,497 shares of the oilfield services company's stock valued at $289,000 after purchasing an additional 750 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Halliburton in the second quarter worth approximately $367,000. Teza Capital Management LLC bought a new position in Halliburton in the second quarter worth approximately $202,000. Quantitative Investment Management LLC purchased a new stake in Halliburton during the second quarter worth $2,298,000. Finally, GTS Securities LLC bought a new stake in Halliburton during the 2nd quarter valued at $241,000. Institutional investors own 85.23% of the company's stock.
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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