Halliburton (NYSE:HAL) Director Sells $255,535.00 in Stock

Key Points

• Halliburton director Tobi Young sold 6,125 shares on April 30 at an average price of $41.72 for $255,535, cutting their stake by 28.65% to 15,250 shares.
• Halliburton beat Q1 estimates with EPS of $0.55 versus $0.50 and revenue of $5.40 billion versus $5.37 billion, while reporting a 6.95% net margin and 19.04% return on equity despite revenue being down 0.3% year‑over‑year.
• Analysts have lifted price targets recently and the consensus rating is a Moderate Buy (average target $41.09); shares trade around $41.66 (near the 12‑month high of $42.46) with a market cap of $34.8 billion.

Halliburton Company (NYSE:HAL - Get Free Report) Director Tobi Young sold 6,125 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $41.72, for a total transaction of $255,535.00. Following the completion of the transaction, the director owned 15,250 shares of the company's stock, valued at $636,230. This represents a 28.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Halliburton Price Performance

Shares of HAL traded down $0.65 during trading hours on Friday, reaching $41.66. The company had a trading volume of 4,517,371 shares, compared to its average volume of 15,492,651. The firm has a 50 day simple moving average of $37.28 and a 200-day simple moving average of $32.00. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $34.80 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.83 and a beta of 0.68. Halliburton Company has a 12-month low of $19.22 and a 12-month high of $42.46.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business's revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that Halliburton Company will post 2.31 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date was Wednesday, March 4th. Halliburton's dividend payout ratio (DPR) is 37.36%.

Institutional Investors Weigh In On Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Halliburton during the fourth quarter valued at $1,054,000. Bank of New York Mellon Corp increased its stake in Halliburton by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company's stock valued at $145,860,000 after purchasing an additional 96,394 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Halliburton during the third quarter valued at $1,775,000. Tejara Capital Ltd increased its stake in Halliburton by 98.8% during the third quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company's stock valued at $3,305,000 after purchasing an additional 66,765 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Halliburton by 12.8% during the third quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company's stock valued at $40,480,000 after purchasing an additional 186,105 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAL has been the subject of several recent research reports. Susquehanna raised their target price on shares of Halliburton from $40.00 to $45.00 and gave the company a "positive" rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on shares of Halliburton from $40.00 to $42.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. HSBC raised their target price on shares of Halliburton from $40.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, April 22nd. Royal Bank Of Canada raised their target price on shares of Halliburton from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, April 22nd. Finally, Piper Sandler raised their price target on shares of Halliburton from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 15th. Seventeen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.09.

About Halliburton

Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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