Halliburton (NYSE:HAL) CFO Sells $1,279,475.00 in Stock

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

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

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

Halliburton Stock Up 0.2 %

Halliburton stock opened at $25.04 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The firm has a fifty day moving average price of $26.41 and a two-hundred day moving average price of $28.14. The firm has a market cap of $21.74 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAL. Norges Bank acquired a new stake in shares of Halliburton in the fourth quarter worth $299,986,000. Franklin Resources Inc. grew its position in Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after purchasing an additional 3,150,986 shares during the period. Amundi raised its position in shares of Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after buying an additional 2,171,722 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jefferies Financial Group decreased their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Stifel Nicolaus decreased their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Benchmark dropped their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Finally, Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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.