Halliburton (NYSE:HAL) CFO Eric Carre Sells 51,179 Shares

Halliburton (NYSE:HAL) CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,177,525. This represents a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eric Carre also recently made the following trade(s):

• On Tuesday, February 11th, Eric Carre sold 141,206 shares of Halliburton stock. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78.

Halliburton Price Performance

Shares of NYSE:HAL opened at $25.23 on Tuesday. 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 has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a market capitalization of $21.90 billion, a P/E ratio of 8.91, a P/E/G ratio of 3.79 and a beta of 1.84. The firm’s 50 day simple moving average is $26.50 and its two-hundred day simple moving average is $28.21.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Morgan Stanley reduced their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Evercore ISI cut their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Hedge Funds Weigh In On Halliburton

Several large investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC lifted its holdings in shares of Halliburton by 58.2% in the third quarter. Aptus Capital Advisors LLC now owns 9,622 shares of the oilfield services company’s stock worth $280,000 after buying an additional 3,540 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Halliburton by 24.5% in the third quarter. Victory Capital Management Inc. now owns 947,191 shares of the oilfield services company’s stock worth $27,516,000 after buying an additional 186,538 shares in the last quarter. KBC Group NV lifted its holdings in shares of Halliburton by 43.0% in the third quarter. KBC Group NV now owns 79,190 shares of the oilfield services company’s stock worth $2,300,000 after buying an additional 23,805 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in Halliburton by 8.9% during the third quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company’s stock valued at $255,000 after purchasing an additional 717 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Halliburton by 8.1% during the third quarter. CIBC Asset Management Inc now owns 128,895 shares of the oilfield services company’s stock valued at $3,744,000 after purchasing an additional 9,611 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

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.