Halliburton (NYSE:HAL) CFO Eric Carre Sells 141,206 Shares

Halliburton (NYSE:HAL - Get Free Report) CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Halliburton Stock Down 0.5 %

Shares of NYSE HAL traded down $0.13 during midday trading on Friday, hitting $26.16. The company's stock had a trading volume of 8,289,508 shares, compared to its average volume of 11,614,222. The business's fifty day simple moving average is $27.30 and its two-hundred day simple moving average is $29.11. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 1 year low of $25.16 and a 1 year high of $41.56. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC raised its holdings in Halliburton by 11.1% in the third quarter. CWM LLC now owns 32,366 shares of the oilfield services company's stock valued at $940,000 after acquiring an additional 3,224 shares in the last quarter. Inspire Investing LLC raised its holdings in Halliburton by 26.0% in the third quarter. Inspire Investing LLC now owns 9,855 shares of the oilfield services company's stock valued at $286,000 after acquiring an additional 2,034 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Halliburton by 203.8% in the third quarter. Exchange Traded Concepts LLC now owns 21,866 shares of the oilfield services company's stock valued at $635,000 after acquiring an additional 14,668 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Halliburton by 30.1% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,045 shares of the oilfield services company's stock valued at $205,000 after acquiring an additional 1,629 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Halliburton in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Piper Sandler assumed coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective for the company. UBS Group cut shares of Halliburton from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Benchmark cut their price objective on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $37.42.

Halliburton Company Profile

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.