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HOUSTON—Timothy McKeon, Senior Vice President and Treasurer at Halliburton Co . (NYSE:HAL), recently sold 10,497 shares of the company’s common stock. The shares were sold at a price of $24.60 each, amounting to a total value of $258,226. This transaction was executed on March 7, 2025, under a prearranged trading plan adopted on November 12, 2024.
Following this sale, McKeon holds 77,784 shares of Halliburton, a leading provider of products and services to the energy industry. The sale is part of a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks, helping them avoid potential accusations of insider trading. The company maintains a strong financial position, with InvestingPro data showing a 55-year track record of consistent dividend payments and a current yield of 2.72%.
In addition to the recent sale, McKeon retains several options to buy common stock, with varying exercise prices and expiration dates extending up to 2028. These options include 8,700 shares at $31.44, 5,800 shares at $43.38, 5,100 shares at $53.54, and 8,300 shares at $38.95.
Halliburton, headquartered in Houston, Texas, continues to be a major player in the oil and gas field services sector.
In other recent news, Halliburton has declared a first-quarter dividend of $0.17 per share, payable to shareholders of record as of March 5, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders. Halliburton has also secured a major contract from Petrobras for integrated drilling services in Brazil, set to begin in 2025 and lasting three years. This contract will involve advanced technologies such as the iCruise® intelligent rotary steerable system and LOGIX™ automation platform to enhance drilling efficiency.
Recent analyst actions have seen Benchmark lowering Halliburton’s stock price target from $40 to $35 while maintaining a Buy rating. This adjustment follows Halliburton’s revised 2025 outlook, which predicts revenue and EBITDA slightly below consensus due to challenges in North America and Mexico. Similarly, Stifel has reduced its price target from $42 to $37, noting margin pressures in the Completion and Production segment but remains optimistic about the company’s long-term growth potential. Goldman Sachs also adjusted its price target to $34 from $36, citing Halliburton’s focus on technological innovation as a strength that could improve profit margins.
Despite these challenges, analysts like Goldman Sachs forecast that Halliburton could add $2.5 to $3 billion in annual revenue over the next few years through advancements in drilling technologies. The company is projected to generate strong free cash flow, with estimates of $2.4 billion in 2025, reflecting a 10% yield. These developments highlight Halliburton’s strategic initiatives and ongoing efforts to maintain a competitive edge in the energy sector.
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