Halliburton (NYSE:HAL) CFO Eric Carre Sells 51,179 Shares

Halliburton (NYSE:HAL) CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,177,525. This trade represents a 28.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Eric Carre also recently made the following trade(s):

• On Tuesday, February 11th, Eric Carre sold 141,206 shares of Halliburton stock. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78.

Halliburton Price Performance

NYSE HAL opened at $24.99 on Wednesday. The company has a market cap of $21.69 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $26.45 and its two-hundred day simple moving average is $28.16.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Institutional Investors Weigh In On Halliburton

Several institutional investors have recently added to or reduced their stakes in the business. 111 Capital purchased a new stake in Halliburton during the fourth quarter valued at about $483,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Halliburton by 18.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 119,424 shares of the oilfield services company’s stock valued at $3,247,000 after purchasing an additional 18,245 shares during the last quarter. Hara Capital LLC lifted its holdings in Halliburton by 212.4% during the fourth quarter. Hara Capital LLC now owns 54,284 shares of the oilfield services company’s stock valued at $1,476,000 after purchasing an additional 36,907 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Halliburton during the fourth quarter valued at about $33,832,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Halliburton during the fourth quarter valued at about $4,380,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Benchmark decreased their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Stifel Nicolaus reduced their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group reduced their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to 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.