Investors Sell Shares of Halliburton (HAL) on Strength (HAL)

Investors sold shares of Halliburton Company (NYSE:HAL) on strength during trading on Thursday. $68.29 million flowed into the stock on the tick-up and $96.45 million flowed out of the stock on the tick-down, for a money net flow of $28.16 million out of the stock. Of all stocks tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.86 for the day and closed at $53.33

A number of research analysts recently issued reports on the stock. Piper Jaffray Companies set a $53.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, October 30th. FBR & Co decreased their price target on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. TheStreet upgraded shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Deutsche Bank assumed coverage on shares of Halliburton in a research note on Tuesday, October 10th. They issued a “buy” rating and a $54.00 price target for the company. Finally, Cowen set a $50.00 price target on shares of Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $56.90.

The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. The firm has a market capitalization of $46,370.00, a price-to-earnings ratio of 221.42, a price-to-earnings-growth ratio of 3.08 and a beta of 1.03.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter last year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. research analysts forecast that Halliburton Company will post 1.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Halliburton’s payout ratio is currently 300.00%.

In other news, VP Anne L. Beaty sold 2,937 shares of Halliburton stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total value of $151,461.09. Following the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David J. Lesar sold 50,000 shares of Halliburton stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,612 shares of company stock worth $6,556,433. 0.46% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Halliburton by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after acquiring an additional 1,267,141 shares during the period. BlackRock Inc. increased its holdings in shares of Halliburton by 7.6% in the 2nd quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after acquiring an additional 3,955,245 shares during the period. Capital World Investors increased its holdings in shares of Halliburton by 0.7% in the 2nd quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after acquiring an additional 320,362 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Halliburton by 9.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after acquiring an additional 1,427,985 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Halliburton by 2.5% in the 3rd quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after acquiring an additional 384,565 shares during the period. 79.79% of the stock is currently owned by institutional investors and hedge funds.

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Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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