Halliburton (NYSE:HAL) Stock Price Down 0.3% on Insider Selling

Halliburton (NYSE:HAL - Get Free Report) shares dropped 0.3% during mid-day trading on Friday following insider selling activity. The stock traded as low as $37.25 and last traded at $37.36. Approximately 1,090,733 shares changed hands during trading, a decline of 84% from the average daily volume of 6,875,200 shares. The stock had previously closed at $37.48.

Specifically, CEO Jeffrey Allen Miller sold 377,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares of the company's stock, valued at approximately $26,793,229.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company's stock, valued at approximately $26,793,229.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. Insiders have sold 434,287 shares of company stock worth $15,415,304 over the last three months. Company insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley boosted their target price on Halliburton from $45.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, April 23rd. Raymond James decreased their price target on shares of Halliburton from $49.00 to $47.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada restated an "outperform" rating and issued a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. Susquehanna reiterated a "positive" rating and issued a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Finally, UBS Group boosted their target price on Halliburton from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.59.

Halliburton Price Performance

The company has a 50-day moving average of $38.25 and a 200-day moving average of $37.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The firm has a market capitalization of $32.81 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in Halliburton by 2.0% during the third quarter. Mackenzie Financial Corp now owns 88,275 shares of the oilfield services company's stock valued at $3,536,000 after purchasing an additional 1,737 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Halliburton by 2.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,953 shares of the oilfield services company's stock valued at $6,114,000 after acquiring an additional 4,276 shares during the period. Gradient Investments LLC boosted its holdings in shares of Halliburton by 310.8% during the 3rd quarter. Gradient Investments LLC now owns 2,654 shares of the oilfield services company's stock worth $107,000 after buying an additional 2,008 shares during the period. ING Groep NV acquired a new position in Halliburton in the 3rd quarter valued at about $9,935,000. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Halliburton during the third quarter worth approximately $201,000. 85.23% of the stock is owned by institutional investors and hedge funds.

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.