Halliburton (NYSE:HAL) EVP Van H. Beckwith Sells 10,000 Shares

Halliburton (NYSE:HAL) EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the sale, the executive vice president now directly owns 283,908 shares in the company, valued at approximately $10,481,883.36. The sale was disclosed in a document filed with the SEC, which is available at this link.

Halliburton Stock Performance

NYSE HAL traded up $0.44 on Thursday, hitting $37.48. 5,880,147 shares of the company’s stock traded hands, compared to its average volume of 6,940,814. The firm’s 50-day moving average price is $38.21 and its two-hundred day moving average price is $37.07. The firm has a market capitalization of $33.18 billion, a PE ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, analysts expect that Halliburton will post 3.39 EPS for the current year.

Analysts Set New Price Targets

HAL has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of Halliburton in a research note on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Barclays cut their price target on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. UBS Group increased their price objective on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Citigroup boosted their target price on Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.59.

Institutional Trading of Halliburton

Several hedge funds and other institutional investors have recently bought and sold shares of HAL. Capital World Investors boosted its position in Halliburton by 0.4% in the 4th quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after purchasing an additional 479,877 shares in the last quarter. Sanders Capital LLC grew its position in shares of Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after acquiring an additional 782,093 shares during the period. Norges Bank purchased a new position in shares of Halliburton in the 4th quarter valued at about $400,070,000. Northern Trust Corp boosted its position in Halliburton by 3.0% during the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after purchasing an additional 265,680 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Halliburton by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock worth $284,822,000 after purchasing an additional 1,568,485 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

About Halliburton

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.