A new SEC filing reveals that Charles Geer Jr, SVP & Chief Accounting Officer at Halliburton (NYSE:HAL), made a notable insider purchase on March 5,.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Jr purchased 13,876 shares of Halliburton, demonstrating confidence in the company’s growth potential. The total value of the transaction stands at $347,038.
Halliburton shares are trading down 0.58% at $24.05 at the time of this writing on Thursday morning.
About Halliburton
Halliburton Co is North America’s largest oilfield service company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. The firm’s innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been homed in over a century of operations.
Understanding the Numbers: Halliburton’s Finances
Revenue Growth: Halliburton’s revenue growth over a period of 3 months has faced …
