Economy

The Short Interest in Halliburton Company (HAL) Rises By 25.1%

The Short Interest in Halliburton Company (HAL) Rises By 25.1%

Accern also gave news articles about the oilfield services company an impact score of 45.2971424350946 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. King Luther Capital Management Corp owned approximately 0.05% of Halliburton worth $21,666,000 as of its most recent filing with the SEC.

But it's not just selling activity that is creating investor interest in HAL; over the last several weeks, several insiders have bought shares. BKD Wealth Advisors LLC raised its position in shares of Halliburton by 6.5% during the second quarter. Among active positions in the latest quarter, 397 holders increased their positions by a total of 71.99 million shares, 471 holders decreased the positions by a total of 57.39 million shares, and 151 holders held their positions. BANK OF NEW YORK MELLON CORP also announced decreased position in General Electric Company (GE) during the quarter. CA boosted its position in shares of Halliburton by 94.3% during the 3rd quarter. The stock of Halliburton Company (NYSE:HAL) earned "Overweight" rating by Barclays Capital on Thursday, October 20. Farmers Trust Co. raised its position in shares of Halliburton by 1.9% during the second quarter. The firm owned 61,416,289 shares of the company's stock after buying an additional 5,625,916 shares during the period.

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Shares of Halliburton Company (NYSE:HAL) traded down $0.07 during trading hours on Wednesday, reaching $43.38. The company had a trading volume of 8,993,000 shares, compared to its average volume of 8,786,670. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. Halliburton Co now has $38.07 billion valuation. Halliburton Company has $70 highest and $16 lowest target. The oilfield services company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. After $1.68 actual EPS reported by Packaging Corporation of America for the previous quarter, Wall Street now forecasts -10.12% negative EPS growth. During the same quarter in the prior year, the firm posted $0.01 EPS. equities analysts expect that Halliburton Company will post 1.16 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Thursday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.66%. Halliburton's dividend payout ratio is 300.01%. Cowen & Co maintained the shares of HAL in report on Wednesday, April 26 with "Market Perform" rating. The Lee Danner & Bass Inc holds 174,999 shares with $7.47M value, up from 160,383 last quarter. FBR & Co reduced their price target on shares of Halliburton from $61.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, October 24th. Goldman Sachs maintained the shares of HAL in report on Thursday, October 20 with "Buy" rating. Finally, Deutsche Bank AG reiterated a "buy" rating and issued a $64.00 target price (down previously from $66.00) on shares of Halliburton Company in a research report on Monday, March 27th. Citigroup maintained the shares of HAL in report on Monday, October 5 with "Buy" rating. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Finally, Citigroup lowered their price target on Halliburton from $54.00 to $52.00 and set a "buy" rating for the company in a report on Wednesday, October 25th.

Halliburton Company on 9/29/2017 reported its EPS as $0.04 with the analysts projecting the EPS of the stock as $0.02. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the completion of the transaction, the chairman now directly owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Lawrence Pope has seen steady activity on the sell side, and on November 27, 2017, executed an option to sell 9100 shares. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Insider ownership decreased by a total of 114613 shares, which suggests that HAL's key executives are feeling less optimistic about the outlook for the stock.


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