Insider Sales at Halliburton (HAL) are Significant and Extend the Selling Trend of Last Quarter

Tuesday, January 09, 2018 10:15 PM ET

Insider Sales at Halliburton (HAL) are Significant and Extend the Selling Trend of Last Quarter

There was a notable level of insider selling reported today in filings with the SEC for Halliburton. Two insiders — Eric Carre, Officer, and Anne L Beaty, Officer — sold 51,828 shares in the company for approximately $2,655,078. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 94,348 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 146,176 shares and have averaged 20,882 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Halliburton is higher than its 57-company peer group average. The Oil Related Services and Equipment peer group saw 78 buy/sell trades during this period for an average of 1.4 transactions per company. However, the number of shares traded per transaction by Halliburton insiders is lower than its peers. Within the peer group there were 487,829 shares purchased and 15,684,077 shares sold with company insiders disposing of 194,824 shares on average over this time period.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.

Today’s Insider Activity
* Eric Carre, Officer, sold 47,615 shares
* Anne L Beaty, Officer, sold 4,213 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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