Halliburton Co. (NYSE:HAL) insider James S. Brown sold 28,439 shares of the business’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $47.00, for a total transaction of $1,336,633.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Halliburton Co. (NYSE:HAL) opened at 46.97 on Monday. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $47.96. The stock’s 50 day moving average is $43.73 and its 200-day moving average is $42.52. The company’s market capitalization is $40.45 billion.
Halliburton (NYSE:HAL) last posted its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. Halliburton’s revenue was down 35.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. On average, analysts expect that Halliburton Co. will post ($0.18) earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Jefferies Group reiterated a “buy” rating and set a $56.00 target price (up from $47.00) on shares of Halliburton in a research note on Monday, July 11th. Seaport Global Securities restated a “buy” rating on shares of Halliburton in a research note on Thursday, July 21st. Johnson Rice restated an “accumulate” rating on shares of Halliburton in a research note on Monday, July 25th. Nomura restated a “buy” rating and issued a $53.00 price objective on shares of Halliburton in a research note on Thursday, July 21st. Finally, Zacks Investment Research lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $47.30.
Institutional investors have recently bought and sold shares of the stock. Brown Advisory Inc. raised its position in Halliburton by 15.1% in the second quarter. Brown Advisory Inc. now owns 41,655 shares of the oilfield services company’s stock valued at $1,886,000 after buying an additional 5,472 shares during the last quarter. Schroder Investment Management Group raised its position in Halliburton by 497.8% in the second quarter. Schroder Investment Management Group now owns 2,473,431 shares of the oilfield services company’s stock valued at $112,022,000 after buying an additional 2,059,670 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Halliburton during the second quarter valued at $904,000. Atalanta Sosnoff Capital LLC purchased a new position in Halliburton during the second quarter valued at $24,549,000. Finally, Public Employees Retirement Association of Colorado raised its position in Halliburton by 57.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,600,743 shares of the oilfield services company’s stock valued at $72,498,000 after buying an additional 585,342 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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