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HOUSTON—Margaret Katherine Banks, a director at Halliburton Co . (NYSE:HAL), recently sold 3,900 shares of the company’s common stock. The sale, which occurred on March 4, 2025, was executed at an average price of $24.035 per share, amounting to a total transaction value of approximately $93,736. The transaction comes as the stock trades near its 52-week low of $23.42, with InvestingPro analysis suggesting the company is currently undervalued.
Following this transaction, Banks retains ownership of 10,551 shares of Halliburton’s common stock. The sale did not involve any equity swaps or derivative securities.
In addition to her direct holdings, Banks has several restricted stock units with underlying common stock shares. These include units from December 2024, December 2022, and December 2021, totaling 6,092, 5,141.08, and 8,288.76 shares respectively, including dividend equivalent units through the end of 2024.
Halliburton, headquartered in Houston, Texas, is a major player in the oil and gas field services sector. The company continues to navigate the complexities of the energy market, with its stock transactions reflecting ongoing strategic financial management. With a market capitalization of $21.07 billion and a P/E ratio of 8.55, the company maintains strong financial health, as confirmed by InvestingPro’s comprehensive analysis, which includes 10 additional key insights available to subscribers.
In other recent news, Halliburton has declared a quarterly dividend of $0.17 per share for the first quarter of 2025, scheduled to be paid on March 26, 2025. This announcement reflects Halliburton’s ongoing commitment to returning value to shareholders. Additionally, Halliburton has secured a significant contract with Petrobras to provide integrated drilling services in Brazil, marking its largest service contract with the Brazilian oil company to date. The contract, set to begin in 2025, will span three years and include the use of advanced drilling technologies.
In analyst updates, several firms have adjusted their price targets for Halliburton. Benchmark reduced its target from $40 to $35, citing a revised 2025 outlook with expected revenue and EBITDA below consensus. Despite this, Benchmark maintains a Buy rating on the stock. Stifel also lowered its price target to $37 from $42, noting margin pressures in the Completion and Production segment but expressing confidence in Halliburton’s long-term growth prospects. Meanwhile, Goldman Sachs cut its price target to $34 from $36, while highlighting Halliburton’s potential to add up to $3 billion in annual revenue over the next three to five years through technological advancements.
These developments come amid Halliburton’s focus on expanding its technology offerings and maintaining strong free cash flow, which is projected to reach $2.4 billion in 2025 according to Goldman Sachs. Despite challenges in North America and Mexico, Halliburton’s international presence and technological innovations remain key factors in its growth strategy.
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