Timothy Mckeon Sells 8,655 Shares of Halliburton (NYSE:HAL) Stock

Key Points

• Sold 8,655 shares: Halliburton VP Timothy Mckeon sold 8,655 shares on April 30 at an average price of $42 for $363,510 under a pre‑arranged Rule 10b5‑1 plan, trimming his stake by 10.6% to 72,976 shares.
• Quarterly results beat expectations as Halliburton reported $0.55 EPS versus $0.50 consensus and $5.40B in revenue versus $5.37B, and the company recently paid a $0.17 quarterly dividend (1.6% yield).
• The stock traded around $41.66 near its 12‑month high of $42.46 with a market cap of about $34.8B, and carries a MarketBeat consensus rating of "Moderate Buy" amid several analyst upgrades.

Halliburton Company (NYSE:HAL - Get Free Report) VP Timothy Mckeon sold 8,655 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the transaction, the vice president owned 72,976 shares in the company, valued at approximately $3,064,992. This trade represents a 10.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Mckeon also recently made the following trade(s):

• On Friday, March 6th, Timothy Mckeon sold 3,846 shares of Halliburton stock. The shares were sold at an average price of $34.37, for a total transaction of $132,187.02.

Halliburton Stock Performance

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

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

Halliburton Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nvest Wealth Strategies Inc. bought a new position in shares of Halliburton during the 4th quarter valued at about $25,000. Zions Bancorporation National Association UT boosted its holdings in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company's stock valued at $28,000 after purchasing an additional 650 shares during the last quarter. Hoey Investments Inc. bought a new position in shares of Halliburton during the 1st quarter valued at about $39,000. Kelleher Financial Advisors bought a new position in shares of Halliburton during the 3rd quarter valued at about $25,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Halliburton during the 3rd quarter valued at about $25,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Halliburton from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. Griffin Securities upgraded shares of Halliburton from a "neutral" rating to a "buy" rating and set a $47.00 price target on the stock in a research report on Wednesday, April 22nd. Susquehanna increased their price target on shares of Halliburton from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Tuesday, April 7th. BMO Capital Markets increased their price objective on shares of Halliburton from $39.00 to $42.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 25th. Finally, Evercore raised shares of Halliburton from an "in-line" rating to an "outperform" rating and set a $42.00 price objective for the company in a research note on Friday, March 20th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.09.

Halliburton Company Profile

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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