Eric Carre Sells 141,206 Shares of Halliburton (NYSE:HAL) Stock

Halliburton (NYSE:HAL) CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Halliburton Stock Up 1.2 %

HAL opened at $26.27 on Friday. The business has a 50 day moving average price of $27.43 and a two-hundred day moving average price of $29.22. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. The company has a market cap of $23.08 billion, a PE ratio of 9.28, a P/E/G ratio of 3.53 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Analyst Upgrades and Downgrades

Several research firms have commented on HAL. Piper Sandler assumed coverage on shares of Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. Barclays lowered their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Evercore ISI cut their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Hedge Funds Weigh In On Halliburton

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton in the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new position in Halliburton during the fourth quarter worth about $36,000. Modus Advisors LLC acquired a new stake in Halliburton in the fourth quarter valued at about $38,000. Continuum Advisory LLC boosted its holdings 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 purchasing an additional 698 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Halliburton during the 3rd quarter worth approximately $44,000. 85.23% of the stock is currently 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.