Insider Activity: Halliburton (HAL)

Insiders make first buy in 14 months.

Director William Albrecht recently added to his stake at Halliburton (HAL), with an 8,000 share buy. The purchase doubled his total stake to 16,000 shares, and cost over $154,000 to make the buy.

This is the first insider buy at the company in 14 months, following a series of sales by insiders at prices anywhere from 28 to 49 percent higher than current prices.

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  • Halliburton provides various products and services to the oil and natural gas industry. Their products include well casing and cementing services, well completion and sand control products, pump and lift services, and other various products for drilling and exploration.

    Action to take: Shares of Halliburton have dropped 49 percent in the past year, against a 3.5 percent drop in revenue, making shares look well oversold. The company remains profitable, and trades near 11 times earnings. While further insider buying at current prices would bolster the case for going long shares, they look attractive under $20 per share, close to the recent insider buy, and where buyers can get a 3.65 percent dividend yield.

    Speculators may want to wait until the oil market shows more signs of moving higher before making a bet on the space, as shares will likely trade near current prices until sentiment in the oil market improves.