Halliburton Co (NYSE: HAL) is -15.77% lower on its value in year-to-date trading and has touched a low of $27.26 and a high of $41.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HAL stock was last observed hovering at around $29.69 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $30.45, the stock is 5.48% and 4.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.16 million and changing 2.56% at the moment leaves the stock -9.69% off its SMA200. HAL registered -18.10% loss for a year compared to 6-month loss of -19.78%. The firm has a 50-day simple moving average (SMA 50) of $29.1438 and a 200-day simple moving average (SMA200) of $33.7381.
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The stock witnessed a 7.48% gain in the last 1 month and extending the period to 3 months gives it a -2.03%, and is 1.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.81% over the week and 2.46% over the month.
Halliburton Co (HAL) has around 48000 employees, a market worth around $26.38B and $23.07B in sales. Current P/E ratio is 10.63 and Fwd P/E is 9.69. Profit margin for the company is 11.04%. Distance from 52-week low is 11.70% and -26.73% from its 52-week high. The company has generated returns on investments over the last 12 months (13.59%).
The EPS is expected to shrink by -3.95% this year.
Halliburton Co (HAL) Top Institutional Holders
1285.0 institutions hold shares in Halliburton Co (HAL), with institutional investors hold 86.47% of the company’s shares. The shares outstanding are 889.00M, and float is at 874.75M with Short Float at 2.49%. Institutions hold 86.08% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 120.11 million shares valued at $4.06 billion. The investor’s holdings represent 13.5111% of the HAL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 103.62 million shares valued at $3.5 billion to account for 11.6553 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 73.34 million shares representing 8.2499% and valued at over $2.48 billion, while STATE STREET CORP holds 6.4831 of the shares totaling 57.64 million with a market value of $1.95 billion.
Halliburton Co (HAL) Insider Activity
The most recent transaction is an insider sale by Beckwith Van H., the company’s EVP, Secretary and CLO. SEC filings show that Beckwith Van H. sold 10,000 shares of the company’s common stock on Jul 18 ’24 at a price of $36.75 per share for a total of $0.37 million. Following the sale, the insider now owns 0.27 million shares.
Halliburton Co disclosed in a document filed with the SEC on May 20 ’24 that Geer Charles Jr. (SVP & Chief Accounting Officer) sold a total of 3,000 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $38.00 per share for $0.11 million. Following the transaction, the insider now directly holds 97084.0 shares of the HAL stock.
Still, SEC filings show that on May 20 ’24, Sharp Jill D. (SVP Internal Assurance Svcs.) disposed off 6,933 shares at an average price of $38.00 for $0.26 million. The insider now directly holds 33,251 shares of Halliburton Co (HAL).
