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

Halliburton (NYSE:HAL) VP Timothy Mckeon sold 10,497 shares of Halliburton 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Halliburton Stock Performance

Shares of Halliburton stock opened at $24.64 on Wednesday. The firm’s fifty day simple moving average is $26.72 and its 200-day simple moving average is $28.39. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. 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 Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.76%. Halliburton’s payout ratio is 24.03%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HAL shares. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. 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 research note on Thursday, January 23rd. 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. Finally, Evercore ISI decreased their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Hedge Funds Weigh In On Halliburton

Institutional investors have recently modified their holdings of the business. Horrell Capital Management Inc. acquired a new position in shares of Halliburton in the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new position in shares of Halliburton in the 4th quarter valued at $36,000. Continuum Advisory LLC increased its stake in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC acquired a new position in Halliburton in the 4th quarter valued at $38,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Halliburton in the 4th quarter valued at $39,000. 85.23% of the stock is owned by institutional investors and hedge funds.

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.