Halliburton (NYSE:HAL) CFO Eric Carre Sells 141,206 Shares

Halliburton (NYSE:HAL) CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Halliburton Stock Down 0.5 %

HAL opened at $26.16 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average price of $27.35 and a 200-day moving average price of $29.20. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56. The stock has a market capitalization of $22.98 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.53 and a beta of 1.89.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.60%. Halliburton’s payout ratio is 24.03%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Evercore ISI decreased their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Susquehanna decreased their price target on shares of 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 price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Morgan Stanley decreased 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. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CWM LLC grew its position in Halliburton by 11.1% during the third quarter. CWM LLC now owns 32,366 shares of the oilfield services company’s stock valued at $940,000 after buying an additional 3,224 shares during the period. Inspire Investing LLC grew its position in Halliburton by 26.0% during the third quarter. Inspire Investing LLC now owns 9,855 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 2,034 shares during the period. Exchange Traded Concepts LLC grew its position in Halliburton by 203.8% during the third quarter. Exchange Traded Concepts LLC now owns 21,866 shares of the oilfield services company’s stock valued at $635,000 after buying an additional 14,668 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Halliburton by 30.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,045 shares of the oilfield services company’s stock valued at $205,000 after buying an additional 1,629 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in shares of Halliburton in the third quarter worth approximately $44,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

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.