Halliburton Company (HAL) rating initates by CapitalOne


Halliburton Company’s recent filing unveils that its Senior Vice Pres – Tax Jones Myrtle L unloaded Company’s shares for reported $0.61 million on Aug 09. In the deal valued at $41.00 per share,15,000 shares were sold. As a result of this transaction, Jones Myrtle L now holds 42,126 shares worth roughly $ 1.68 million.

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Then, Sharp Jill D. sold 6,653 shares, generating $272,773 in total proceeds. Upon selling the shares at $41.00, the SVP Internal Assurance Svcs. now owns 48,762 shares.

Before that, Miller Jeffrey Allen sold 99,355 shares. Halliburton Company shares valued at $3,974,200 were divested by the Director, President & CEO at a price of $40.00 per share. As a result of the transaction, Miller Jeffrey Allen now holds 719,818 shares, worth roughly $28.66 million.

CapitalOne initiated its Halliburton Company [HAL] rating to an Overweight in a research note published on Friday, June 07, 2023; the price target was $41. PT values the company’s stock at a premium of 2.9 to its Friday closing price.

Price Performance Review of HAL

On Friday, Halliburton Company [NYSE:HAL] saw its stock jump 3.08% to $39.81. On the same session, the stock had its day’s lowest price of $39.08, but rose to a high of $39.89. Over the last five days, the stock has gained 4.35%. Halliburton Company shares have risen nearly 1.17% since the year began. Nevertheless, the stocks have risen 32.13% over the past one year. While a 52-week high of $43.42 was reached on 01/18/23, a 52-week low of $23.30 was recorded on 05/16/23. SMA at 50 days reached $37.50, while 200 days put it at $35.61. A total of 8.61 million shares were traded, compared to the trading of 8.36 million shares in the previous session.

Levels Of Support And Resistance For HAL Stock

The 24-hour chart illustrates a support level at 39.30, which if violated will result in even more drops to 38.78. On the upside, there is a resistance level at 40.11. A further resistance level may holdings at 40.40. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.85%. Stochastics %K at 49.78% indicates the stock is a holding.

How much short interest is there in Halliburton Company?

A steep rise in short interest was recorded in Halliburton Company stocks on Aug 14, 2023, growing by 2.87 million shares to a total of 25.99 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 23.12 million shares. There was a rise of 11.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.11.

Halliburton Company [HAL] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 114,407,642 shares, or roughly 12.73% of the outstanding HAL shares. In other words, the investor’s shares have risen by 36,640,866 from its previous 13-F filing of 77766776.0. Additionally, The Vanguard Group, Inc. decreased -1.10% of its stake after which the total value it holdings stand at $3,735,669,119, while SSgA Funds Management, Inc. reduced -3.51% of its stake to hold $2.24 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -3,696,516 shares of Halliburton Company, while Boston Partners Global Investors, sold 1,120,274 shares. At present, Sanders Capital LLC is holding 22,711,767 shares valued at $887.58 million. Geode Capital Management LLC owned 19,079,068 shares of the company at the time of its most recent 13F filing, worth $745.61 million.

According to FactSet, Halliburton Company’s share price will average $47.04 in the next year, based on opinions of analysts polled by the firm. This is up nearly 21.7 percent from its previous closing price of $38.62. Analysts expect Halliburton Company stock to reach the higher price of $54.00, while the lowest price estimate is $34.00. However, 30 analysts have rated HAL stock as a Buy in their predictions for 2023.


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