Margaret Katherine Banks Sells 3,900 Shares of Halliburton (NYSE:HAL) Stock

Halliburton (NYSE:HAL - Get Free Report) Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Halliburton Price Performance

Halliburton stock traded up $0.55 during mid-day trading on Friday, hitting $25.00. 17,214,627 shares of the company were exchanged, compared to its average volume of 11,047,671. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $26.81 and a 200 day moving average of $28.52. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a market capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is currently 24.03%.

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Wall Street Analysts Forecast Growth

HAL has been the topic of several research reports. Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Stifel Nicolaus dropped their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Barclays dropped their price target on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their price target on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average price target of $37.42.

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in shares of Halliburton during the fourth quarter worth about $36,000. Modus Advisors LLC acquired a new stake in shares of Halliburton during the fourth quarter worth about $38,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth about $39,000. Finally, Continuum Advisory LLC raised its position in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after purchasing an additional 698 shares during the period. Institutional investors own 85.23% of the company's stock.

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.