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HOUSTON—Eric Carre, Executive Vice President and Chief Financial Officer of Halliburton Co . (NYSE:HAL), recently sold 51,179 shares of the company’s common stock. The transaction, which took place on March 14, was executed at a price of $25.00 per share, amounting to a total of approximately $1.28 million. The sale comes as the stock trades near its 52-week low, with InvestingPro analysis indicating the company is currently undervalued despite its strong financial health score.
Following this sale, Carre retains ownership of 127,101 shares in the company. The transaction was conducted under a Rule 10b5-1 trading plan, which Carre adopted on November 12, 2024. Such plans allow insiders to set up a predetermined schedule for selling stocks, helping to avoid potential accusations of insider trading. The company maintains a solid P/E ratio of 8.87 and has demonstrated remarkable dividend stability, maintaining payments for 55 consecutive years.
Halliburton, a major player in the oil and gas field services industry with a market capitalization of $21.84 billion, continues to be closely watched by investors, especially as executives make significant transactions like this one. For deeper insights into Halliburton’s valuation and financial health, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Halliburton has declared a quarterly dividend of $0.17 per share for the first quarter of 2025, payable to shareholders on March 26, 2025. This announcement aligns with Halliburton’s ongoing practice of returning value to its shareholders. Additionally, the company has secured a significant contract from Petrobras to provide integrated drilling services for offshore fields in Brazil, marking Halliburton’s largest service contract with Petrobras to date. Analysts from Benchmark, Stifel, and Goldman Sachs have recently adjusted their price targets for Halliburton, citing various factors impacting the company’s outlook. Benchmark reduced its price target to $35, while Stifel adjusted its target to $37, both maintaining a Buy rating. Goldman Sachs also revised its target to $34, highlighting Halliburton’s technological innovations as a potential driver for future revenue growth. Despite the adjustments, analysts remain optimistic about Halliburton’s long-term growth prospects, with expectations of strong free cash flow and substantial shareholder returns. The company’s focus on expanding its technological capabilities is anticipated to bolster its competitive position in the market.
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