A Glimpse Into Insider Trading And Ownership At Halliburton Company

Media headlines about Halliburton (NYSE:HAL) have trended somewhat positive this week, according to Accern Sentiment. The fund owned 372,428 shares of the oilfield services company's stock after acquiring an additional 7,499 shares during the period.

But it's not just selling activity that is creating investor interest in HAL; over the last several weeks, several insiders have bought shares. The stock of Halliburton Company (NYSE:HAL) has "Buy" rating given on Saturday, September 5 by HSBC.

TRADEMARK VIOLATION NOTICE: "Envestnet Asset Management Inc". CA boosted its position in shares of Halliburton by 94.3% during the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company's stock worth $146,000 after buying an additional 2,243 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Halliburton by 4.1% during the 2nd quarter. The stock's traded 8.81 million shares in session while it holds an average volume of 8.38 million shares. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company's stock valued at $784,822,000 after acquiring an additional 1,427,985 shares in the last quarter. MA acquired a new position in shares of Halliburton during the second quarter valued at about $945,000. Gulf Bankshares (Uk) Limited has invested 0.16% in Halliburton Company (NYSE:HAL).

In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the director now owns 299,777 shares in the company, valued at approximately $15,072,787.56.

STATE STREET CORP lowered its stake in General Electric Company (NYSE:GE) by 3.02% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Also, Chairman David J. Lesar sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total transaction of $2,185,000.00. The disclosure for this sale can be found here. In the previous year there have been a total of 76 insider trades, including 21 open market buys and 55 sells. Cowen & Co maintained the shares of HAL in report on Wednesday, April 26 with "Market Perform" rating. Equities research analysts predict that Halliburton Company will post $0.98 EPS for the current fiscal year. Citigroup upped their target price on shares of Halliburton from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, October 5th. Finally, Deutsche Bank began coverage on shares of Halliburton in a research note on Tuesday, October 10th. The stock's average target of $32.80 is 0.49% above today's ($32.64) share price. Jefferies Group set a $56.00 target price on Halliburton and gave the stock a "buy" rating in a research note on Monday, August 28th.

Among 38 analysts covering Halliburton Company (NYSE:HAL), 34 have Buy rating, 0 Sell and 4 Hold.

The stock decreased 1.40% or $0.61 during the last trading session, reaching $42.84. The company has a current ratio of 2.20, a quick ratio of 1.67 and a debt-to-equity ratio of 1.13. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78. Halliburton Company (NYSE:HAL)'s short interest is 26.13 million shares, or 3.02% of the float. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Moreover, Tradition Mgmt Limited Liability Corporation has 0.19% invested in Halliburton Company (NYSE:HAL) for 13,310 shares. This represents a $0.72 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton's dividend payout ratio is 300.01%.

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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