Timothy Mckeon Sells 10,497 Shares of Halliburton (NYSE:HAL) Stock

Halliburton (NYSE:HAL) VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Halliburton Trading Up 0.2 %

HAL stock opened at $24.72 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a one year low of $23.42 and a one year high of $41.56. The company has a market capitalization of $21.46 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company’s 50 day moving average price is $26.67 and its two-hundred day moving average price is $28.37.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is 24.03%.

Wall Street Analyst Weigh In

HAL has been the subject of a number of analyst reports. Evercore ISI cut their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Finally, Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MidWestOne Financial Group Inc. grew its holdings in shares of Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after purchasing an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after purchasing an additional 397 shares during the last quarter. Finally, Blume Capital Management Inc. grew its holdings in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

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.