Block Buying in Halliburton Company (HAL) on Price Weakness

Shares of Halliburton Company (NYSE:HAL) traded down 0.34% during mid-day trading on Wednesday, reaching $52.79. That is compared with the $0.07 in EPS it reported during the same period a year ago. The insider owns 569,074 shares which have current market value of around $30143849.78.Jeffrey A. Miller is another major inside shareholder in the company.

A number of institutional investors have recently bought and sold shares of HAL. If you are accessing this news story on another publication, it was copied illegally and republished in violation of United States and global trademark and copyright laws.

Many Analysts provided their foresight on Revenue Estimates of Halliburton Company where they believe that the company has the potential to earn average revenue of $4.21 Billion for the current quarter. The current price change puts the market capitalization at $112.88 bln. According to a research note disclosed on Oct 03, 2016, analysts at Societe Generale have upped their rating on these shares from Hold to Buy.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares Jumped 1.49% and ended the day at $31.31. Finally, Zacks Investment Research lowered Halliburton Company from a "buy" rating to a "hold" rating in a report on Friday, October 14th. State Street Corp increased its position in shares of Halliburton Company by 1.1% in the second quarter.

The Stock now has the market capitalization of $45.92 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 1.64% and monthly volatility of 1.94% respectively. They now have a $73.00 target price on the oilfield services company's stock. And a quick view of analyst notes show that 22 are rating the stock a buy while 15 rate HAL a strong buy.

Halliburton Company (NYSE:HAL) opened at 53.68 on Tuesday. Capital Research Global Investors increased its position in shares of Halliburton Company by 4.6% in the third quarter. The business's revenue was down 20.9% compared to the same quarter previous year. According to their predictions High & Low revenue estimates are 4.57 Billion and 4.1 Billion respectively. Wetherby Asset Management Inc. raised its position in Halliburton Company by 6.5% in the second quarter. Halliburton Company has a 1-year low of $33.26 and a 1-year high of $58.78. Public Sector Pension Investment Board's holdings in Halliburton Company were worth $10,337,000 at the end of the most recent reporting period. On average, equities analysts anticipate that Halliburton Company will post $1.19 earnings per share for the current year. The stock traded with the volume of 14.71 Million shares in the last trading session. Halliburton Company's 20-Day Simple Moving Average is -6.06%.

The stock's price switched up -2.73% 20-Days Simple Moving Average, dropped -3.87% from 50-Days Simple Moving Average and rose 10.88% from 200 Days Simple Moving Average.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, February 27th. The shares were acquired at an average price of $57.11 per share, with a total value of $307,822.90. This represents a $0.72 annualized dividend and a yield of 1.36%. The share price was last updated to $51.47 with a loss of -1.5 points or -2.83%. Investec Asset Management LTD now owns 557,209 shares of the oilfield services company's stock worth $30,139,000 after buying an additional 331,965 shares in the last quarter. BlackRock Fund Advisors now owns 11,860,218 shares of the oilfield services company's stock worth $537,149,000 after buying an additional 118,455 shares during the period. The share price is now down -3.96% for the past three months. The disclosure for this sale can be found here.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry.

  • Zachary Reyes