Halliburton (NYSE:HAL) Shares Up 1.3%

Halliburton (NYSE:HAL) traded up 1.3% during mid-day trading on Thursday . The company traded as high as $37.54 and last traded at $37.54. 1,419,515 shares traded hands during trading, a decline of 79% from the average session volume of 6,890,142 shares. The stock had previously closed at $37.04.

Analyst Ratings Changes

HAL has been the topic of several research reports. TD Cowen raised their price objective on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their price target on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Susquehanna restated a “positive” rating and set a $49.00 price objective on shares of Halliburton in a research report on Monday, April 8th. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of Halliburton in a report on Wednesday, April 24th. Finally, Citigroup increased their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Two investment 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 stock. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.59.

Halliburton Stock Performance

The company has a market cap of $33.18 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.93 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $37.07.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Insider Transactions at Halliburton

In related news, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares in the company, valued at $1,486,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total value of $369,200.00. Following the sale, the executive vice president now directly owns 283,908 shares in the company, valued at approximately $10,481,883.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. In the last three months, insiders have sold 434,287 shares of company stock worth $15,415,304. 0.61% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HAL. Capital World Investors increased its stake in shares of Halliburton by 0.4% in the fourth quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after acquiring an additional 479,877 shares during the last quarter. Sanders Capital LLC increased its position in Halliburton by 3.4% in the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after purchasing an additional 782,093 shares during the last quarter. Norges Bank acquired a new stake in shares of Halliburton during the 4th quarter valued at about $400,070,000. Northern Trust Corp grew its stake in shares of Halliburton by 3.0% in the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock valued at $372,687,000 after buying an additional 265,680 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Halliburton by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company’s stock worth $284,822,000 after buying an additional 1,568,485 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

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.