Halliburton (NYSE:HAL) VP Timothy Mckeon Sells 10,497 Shares

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

Halliburton Stock Performance

Shares of HAL stock traded down $0.12 during trading hours on Monday, reaching $24.89. 10,780,495 shares of the company traded hands, compared to its average volume of 11,041,508. The firm has a 50-day moving average price of $26.81 and a 200 day moving average price of $28.49. The company has a market cap of $21.60 billion, a P/E ratio of 8.79, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 12-month low of $23.42 and a 12-month high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Announces Dividend

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

Institutional Trading of Halliburton

Several institutional investors and hedge funds have recently modified their holdings of the company. Sanders Capital LLC raised its holdings in Halliburton by 1.6% during the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after acquiring an additional 375,054 shares during the period. Geode Capital Management LLC raised its stake in Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock valued at $584,139,000 after purchasing an additional 908,271 shares during the period. Pacer Advisors Inc. boosted its stake in Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Finally, Amundi raised its position in shares of Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent analyst reports. Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Morgan Stanley decreased their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, 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 report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Company Profile

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.