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

Halliburton (NYSE:HAL - Get Free Report) Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Halliburton Stock Up 2.3 %

Shares of NYSE HAL traded up $0.55 during mid-day trading on Friday, reaching $25.00. The company had a trading volume of 17,214,627 shares, compared to its average volume of 11,047,671. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The stock's 50 day moving average is $26.81 and its 200-day moving average is $28.51.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's dividend payout ratio is currently 24.03%.

Institutional Investors Weigh In On Halliburton

Hedge funds have recently made changes to their positions in the stock. MidWestOne Financial Group Inc. boosted its holdings in shares of Halliburton by 4.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock worth $250,000 after acquiring an additional 359 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock valued at $4,480,000 after acquiring an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares in the last quarter. HBW Advisory Services LLC increased its position in shares of Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after buying an additional 397 shares in the last quarter. Finally, Blume Capital Management Inc. increased its position in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

HAL has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Benchmark cut their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Morgan Stanley dropped 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. JPMorgan Chase & Co. decreased their price target on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 2nd. Finally, Barclays reduced their target price on Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and a consensus target price 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.