Halliburton (NYSE:HAL) VP Sells $258,226.20 in Stock

Halliburton (NYSE:HAL) VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Halliburton Trading Down 0.5 %

Shares of NYSE:HAL traded down $0.12 during trading on Monday, reaching $24.89. 10,780,495 shares of the company were exchanged, compared to its average volume of 11,041,508. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a market capitalization of $21.60 billion, a PE ratio of 8.79, a P/E/G ratio of 3.79 and a beta of 1.84. The business’s fifty day simple moving average is $26.81 and its 200-day simple moving average is $28.49. Halliburton has a 12-month low of $23.42 and a 12-month high of $41.56.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Institutional Investors Weigh In On Halliburton

Several hedge funds have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Halliburton in the fourth quarter valued at about $33,832,000. Jefferies Financial Group Inc. purchased a new position in Halliburton during the 4th quarter valued at about $4,380,000. Great Valley Advisor Group Inc. increased its position in Halliburton by 17.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 126,435 shares of the oilfield services company’s stock valued at $3,438,000 after purchasing an additional 18,549 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of Halliburton in the 4th quarter valued at about $39,000. Finally, Neo Ivy Capital Management lifted its position in shares of Halliburton by 181.8% in the 4th quarter. Neo Ivy Capital Management now owns 70,164 shares of the oilfield services company’s stock worth $1,907,000 after purchasing an additional 45,264 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HAL shares. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. Benchmark lowered 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. Morgan Stanley decreased their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Jefferies Financial Group dropped their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.42.

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.