Halliburton Company (NYSE:HAL) produced a 10.58% rally since recording the worst price of $20.98. Thanks to the latest 4.6% increase, it now trades at $23.2. Throughout the trading on 7/30/2019, the share price floated between $21.81 and $23.23. This company shares are 40.73% off its target price of $32.65 and the current market capitalization stands at $20.44B. The recent change has given its price a 1.88% lead over SMA 50 and -45.91% deficit over its 52-week high. The stock witnessed 2.02% gains, -18.11% declines and -24.8% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HAL’s volatility during a week at 4% and during a month it has been found around 3.17%.
What Does Halliburton Company (HAL) Do?
The company describes itself in regulatory filings as, “Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/HAL/profile under company description.]Halliburton Company (HAL) Top Holders
Institutional investors currently hold around $15.24 billion or 80.2% in HAL stock. Look at its top three institutional owners: Vanguard Group Inc owns $1.46 billion in Halliburton Company, which represents roughly 7.17% of the company’s market cap and approximately 9.61% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 59,135,289 shares of the stock are valued at $1.31 billion. The third largest holder is State Street Corp, which currently holds $924.81 million worth of this stock and that ownership represents nearly 4.52% of its market capitalization.
At the end of March reporting period, 393 institutional holders increased their position in Halliburton Company (NYSE:HAL) by some 53,971,323 shares, 417 decreased positions by 74,926,545 and 141 held positions by 558,357,728. That puts total institutional holdings at 687,255,596 shares, according to SEC filings. The stock grabbed 100 new institutional investments totaling 9,802,208 shares while 104 institutional investors sold out their entire positions totaling 25,540,366 shares.Halliburton Company (NYSE:HAL) Insider Trades
Multiple company employees have indulged in significant insider trading. Halliburton Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CFO Loeffler Lance has sold 5,926 shares of Halliburton Company (HAL) in the trading session dated Mar. 13, 2019. These shares are worth $168,002 and were traded at $28.35 each. The SEC filing shows that Beaty Anne L. performed a sale of 2,548 shares. The Senior VP, Finance disposed these shares by way of transaction on Jan. 09, 2019. The company’s shares were given away at $29.48 per share worth to an income of some $75,115 to the account of Beaty Anne L..
Senior VP, Finance, Beaty Anne L., sold 1,300 common shares of Halliburton Company (HAL) in the open market. In a transaction dated Jan. 07, 2019, the shares were put up for sale at an average price of $28.5, raking in a sum of $37,050. After this sale, 57,279 common shares of HAL are directly owned by the insider, with total stake valued at $1,328,879.
In the transaction dated Dec. 11, 2018, a great number of shares sold came courtesy the Senior VP, Finance; Beaty Anne L. disposed a total of 529 shares at an average price of $29.79, amounting to approximately $15,759. The insider now directly owns 59,396 shares worth $1,377,991.Halliburton Company (HAL) Analyst Guide
Several analysts have released their opinion on Halliburton Company (NYSE:HAL), with 12 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 14 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.81 average brokerage recommendation [T1].