How Big Insider Trading Can Impact Halliburton Company (NYSE:HAL) Stock?

Barsaba Taglieri
Marzo 19, 2017

$52.17 million flowed into the stock on the tick-up and $107.45 million flowed out of the stock on the tick-down, for a money net flow of $55.28 million out of the stock.

The forward P/E ratio stands at 18.77. Moors & Cabot Inc. now owns 33,602 shares of the oilfield services company's stock worth $1,533,000 after buying an additional 2,581 shares in the last quarter. The shares were sold at an average price of $57.96, for a total value of $196,600.32. The opening trade occurred at $54 and the highest and the lowest points of the day were $54.4 and $53.7 respectively. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Envestnet Asset Management Inc. increased its position in shares of Halliburton Company by 3.5% in the fourth quarter. Over the same time span, the stock marked US$138.57 as its best level and the lowest price reached was US$106.31. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 58,021 shares of company stock worth $3,231,445.

A number of brokerages have weighed in on HAL. Jefferies Group LLC boosted their target price on Halliburton Company from $58.00 to $70.00 and gave the stock a buy rating in a report on Friday, January 27th. This is built on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

In related news, EVP Eric Carre sold 7,000 shares of the firm's stock in a transaction dated Monday, December 12th. They issued a "buy" rating and a $72.00 price objective on the stock. Arconic Inc. has 2 buy ratings, 3 holds and 0 sells even after the stock tumbled -8.47% from its high of $30.69 to a $12.46 billion market value through Mar 03, 2017. The stock tapped a 52-week high of US$58.78 while the mean 12-month price target for the shares is US$64.23.

The Company has 866.93 million shares outstanding and 864.97 million shares were floated in market.

Halliburton Company (NYSE:HAL) is expected to release the earnings of its current quarter on 4/24/17 Before Market Open. The oilfield services company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.02. The company had revenue of $4021.00 million for the quarter, compared to analysts expectations of $4099.74 million. The stock is down -12.82% in this year through last close, and the beta ratio has a value of 1.92.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, March 1st will be issued a dividend of $0.18 per share. Halliburton's dividend payout ratio (DPR) is now -10.98%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The company has a 1 Year high price target of $64.23. Weatherford said interim CEO Krishna Shivram would leave the Houston-based company with immediate effect. Relative Strength Index (RSI) of the company is 44.91. Expect increased sales in the current quarter as well. Capital World Investors now owns 36,312,180 shares of the oilfield services company's stock valued at $1,629,691,000 after buying an additional 7,256,500 shares in the last quarter. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Alpha Windward LLC increased its stake in shares of Halliburton by 1.3% in the third quarter. The firm owned 145,840 shares of the oilfield services company's stock after buying an additional 8,358 shares during the period.

Several insiders were part of recent insider activity for the stock.

The company serves the upstream oil and 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 through the life of the field.

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