Director Margaret Banks Sells 5,000 Shares of Halliburton Co (HAL)
On March 5, 2024, Margaret Banks, a director of Halliburton Co (NYSE:HAL), sold 5,000 shares of the company, according to a recent SEC Filing. The transaction was executed at an average price of $35.3 per share, resulting in a total value of $176,500.
Halliburton Co is a global provider of products and services to the energy industry. With operations in more than 70 countries, the company offers a range of services and products related to the exploration, development, and production of oil and natural gas.
Over the past year, the insider has sold a total of 5,000 shares and has not made any purchases. The recent sale by the insider is part of a trend observed over the past year, where there have been no insider buys and 17 insider sells for Halliburton Co.
Halliburton Co's stock market capitalization stands at $31.40 billion as of the date of the insider's recent transaction. The company's price-earnings ratio is 12.04, which is above the industry median of 10.45 but below the company's historical median price-earnings ratio.
The stock was trading at $35.3 on the day of the insider's sale, with a GuruFocus Value (GF Value) of $39.88. This results in a price-to-GF-Value ratio of 0.89, indicating that Halliburton Co is modestly undervalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts. This intrinsic value estimate is designed to give investors a benchmark for comparing the current price of a stock to its estimated true value.
The recent insider transaction may provide investors with an insight into the insider's perspective on the stock's valuation, although it is important to consider a wide range of factors when evaluating the potential investment in Halliburton Co.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
