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

Halliburton (NYSE:HAL) Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares in the company, valued at $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Halliburton Stock Up 0.3 %

Shares of HAL stock opened at $24.22 on Thursday. The stock’s 50 day simple moving average is $26.89 and its 200 day simple moving average is $28.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The company has a market capitalization of $21.02 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Analyst Upgrades and Downgrades

HAL has been the subject of several research reports. Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus decreased their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Finally, Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HAL. US Bancorp DE raised its stake in shares of Halliburton by 7.0% in the 3rd quarter. US Bancorp DE now owns 148,722 shares of the oilfield services company’s stock valued at $4,320,000 after acquiring an additional 9,721 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Halliburton by 4.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 152,741 shares of the oilfield services company’s stock valued at $4,437,000 after buying an additional 6,258 shares during the last quarter. National Pension Service grew its holdings in Halliburton by 1.9% in the 3rd quarter. National Pension Service now owns 1,292,856 shares of the oilfield services company’s stock valued at $37,557,000 after buying an additional 24,350 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Halliburton by 1.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 334,483 shares of the oilfield services company’s stock valued at $9,717,000 after buying an additional 4,230 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Halliburton by 12.2% in the 3rd quarter. QRG Capital Management Inc. now owns 42,239 shares of the oilfield services company’s stock valued at $1,227,000 after buying an additional 4,583 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

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.