Halliburton (NYSE:HAL) CEO Sells $6,338,200.00 in Stock
by Amy Steele · The Cerbat GemHalliburton Company (NYSE:HAL – Get Free Report) CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the transaction, the chief executive officer owned 1,013,027 shares in the company, valued at $40,521,080. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Jeffrey Allen Miller also recently made the following trade(s):
- On Friday, January 23rd, Jeffrey Allen Miller sold 171,200 shares of Halliburton stock. The shares were sold at an average price of $34.96, for a total value of $5,985,152.00.
Halliburton Stock Performance
Shares of NYSE:HAL opened at $38.12 on Friday. The business has a 50-day moving average of $35.51 and a two-hundred day moving average of $30.08. The firm has a market capitalization of $31.84 billion, a PE ratio of 25.25, a P/E/G ratio of 2.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $41.18.
Halliburton (NYSE:HAL – Get Free Report) last released its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the company posted $0.73 EPS. The company’s revenue was up .8% compared to the same quarter last year. As a group, research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.
Halliburton Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s payout ratio is 45.03%.
Analyst Upgrades and Downgrades
HAL has been the topic of a number of research reports. Stifel Nicolaus set a $36.00 target price on shares of Halliburton in a research note on Thursday, January 22nd. Capital One Financial upped their price target on shares of Halliburton from $25.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating and issued a $35.00 price target on shares of Halliburton in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a research report on Monday, December 29th. Finally, BMO Capital Markets upped their target price on Halliburton from $39.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $36.05.
View Our Latest Research Report on Halliburton
Key Headlines Impacting Halliburton
Here are the key news stories impacting Halliburton this week:
- Positive Sentiment: Halliburton acquired Sekal AS to accelerate drilling automation, combining Sekal’s DrillTronics with HAL’s LOGIX platform — a strategic deal that could improve drilling efficiency, lower costs and differentiate services over time. Read More.
- Neutral Sentiment: Recent fundamentals give support: Halliburton beat Q4 EPS and revenue expectations, maintains healthy liquidity and a moderate leverage profile — fundamentals that underpin medium‑term confidence but rely on execution. Read More.
- Negative Sentiment: CEO insider selling: CEO Jeffrey Allen Miller sold ~158,455 shares at about $40 (SEC Form 4 disclosure), a sizable reduction that can be interpreted as a near‑term negative signal by some investors. Read More.
- Negative Sentiment: Sector headwinds: commentary in the market notes that while oil prices spiked, oil stocks broadly underperformed the crude move — suggesting much of the upside may already be priced in and potentially limiting near‑term upside for HAL. Read More.
- Negative Sentiment: Near‑term price action has been choppy: HAL slid in the prior session as the market digested the Sekal deal and valuation, showing short‑term sensitivity despite the constructive strategic case. Read More.
Hedge Funds Weigh In On Halliburton
A number of institutional investors have recently made changes to their positions in HAL. Capital Research Global Investors boosted its stake in shares of Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after buying an additional 40,969,139 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Halliburton by 82,596.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after buying an additional 29,735,387 shares during the last quarter. Strive Asset Management LLC acquired a new stake in Halliburton in the third quarter valued at $418,738,000. Norges Bank acquired a new stake in Halliburton in the fourth quarter valued at $169,304,000. Finally, Holocene Advisors LP bought a new position in Halliburton during the 3rd quarter valued at $147,315,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Halliburton Company Profile
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.