Halliburton Company (NYSE:HAL) has tumbled 0.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.82% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.58% and the outperformance has advanced to 6.84% for the last 4 weeks period.
Halliburton Company (NYSE:HAL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.75 and $43.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.11, notching a gain of 2.13% for the day. The total traded volume was 9,387,465 . The stock had closed at $43.19 on the previous day.
On the companys insider trading activities, Miller Jeffrey Allen, director officer (President) of Halliburton Co, unloaded 19,776 shares at an average price of $45 on June 7, 2016. The total amount of the transaction was worth $889,920, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Griffen Securities upgrades the rating on Halliburton Company (NYSE:HAL). The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 0.46% of Halliburton Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.48% . Institutional Investors own 80.1% of Halliburton Company shares. During last six month period, the net percent change held by insiders has seen a change of -7.48%.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Companys Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. Production Enhancement services include stimulation services and sand control services. The Companys Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.