Halliburton (NYSE:HAL) COO Jeffrey Shannon Slocum Sells 52,572 Shares of Stock

Halliburton Company (NYSE:HAL) COO Jeffrey Shannon Slocum sold 52,572 shares of Halliburton stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the sale, the chief operating officer owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Halliburton Trading Up 1.9%

Shares of NYSE:HAL traded up $0.67 during trading on Thursday, reaching $35.69. The stock had a trading volume of 11,646,886 shares, compared to its average volume of 13,610,777. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The stock has a market cap of $29.73 billion, a P/E ratio of 18.69, a PEG ratio of 2.17 and a beta of 0.73. The business has a fifty day moving average price of $34.11 and a 200-day moving average price of $36.50. Halliburton Company has a fifty-two week low of $20.83 and a fifty-two week high of $43.59.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (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 analyst estimates of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. Halliburton’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. As a group, analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

HAL has been the subject of several analyst reports. Wolfe Research assumed coverage on Halliburton in a research note on Wednesday, July 8th. They issued a “peer perform” rating for the company. Capital One Financial lifted their price target on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Citigroup increased their price objective on shares of Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Evercore reissued an “outperform” rating and issued a $43.00 target price on shares of Halliburton in a research report on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Institutional Investors Weigh In On Halliburton

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAL. Meeder Asset Management Inc. purchased a new stake in shares of Halliburton during the 2nd quarter worth about $26,000. Kilter Group LLC purchased a new position in Halliburton in the second quarter valued at approximately $26,000. Silvant Capital Management LLC purchased a new position in Halliburton in the second quarter valued at approximately $28,000. Matrix Trust Co acquired a new position in shares of Halliburton during the 2nd quarter valued at $29,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Halliburton during the fourth quarter worth about $25,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

About Halliburton

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.