Halliburton (NYSE:HAL - Get Free Report) CFO Eric Carre sold 51,179 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. This represents a 28.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Eric Carre also recently made the following trade(s):
- On Tuesday, February 11th, Eric Carre sold 141,206 shares of Halliburton stock. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78.
Halliburton Price Performance
NYSE:HAL traded down $0.24 during trading hours on Friday, reaching $24.75. The company had a trading volume of 56,966,351 shares, compared to its average volume of 8,790,506. The firm has a market capitalization of $21.48 billion, a PE ratio of 8.74, a PEG ratio of 3.79 and a beta of 1.84. The stock has a 50-day moving average of $26.37 and a two-hundred day moving average of $28.12. Halliburton has a one year low of $23.42 and a one year high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.
Halliburton Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's payout ratio is 24.03%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of HAL. Norges Bank acquired a new position in Halliburton in the fourth quarter worth $299,986,000. Franklin Resources Inc. raised its position in Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock worth $487,522,000 after buying an additional 3,150,986 shares in the last quarter. Amundi boosted its position in Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Halliburton by 15.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after buying an additional 2,171,722 shares during the period. Institutional investors own 85.23% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Benchmark cut their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus lowered their target price on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.
Read Our Latest Analysis on Halliburton
About Halliburton
(
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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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