A significant insider buy by Allen Jeffrey Miller, Director at Halliburton (NYSE:HAL), was executed on March 5, and reported in the recent SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, Miller increased their investment in Halliburton by purchasing 298,462 shares through open-market transactions, signaling confidence in the company’s potential. The total transaction value is $7,464,534.
In the Thursday’s morning session, Halliburton‘s shares are currently trading at $24.03, experiencing a down of 0.66%.
Discovering Halliburton: A Closer Look
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.
Halliburton: A Financial Overview
Negative Revenue Trend: Examining Halliburton’s financials over 3 months reveals challenges. …
