Halliburton Company (NYSE:HAL), watched as a top level insider lowered his holdings in the company through a transaction that began last week and was officially filed today, August 18th. Vice President and Treasurer Timothy Mckeon disposed of 3,001 shares of common stock at an average price of $69.83 per share.
Following the completion of this transaction, Mckeon now holds a total of 11,800 shares directly invested in the company. A $58.25 billion market cap powerhouse, Halliburton Company (NYSE:HAL) is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It serves national, and independent oil and natural gas companies worldwide and operates in two segments: Completion and Production segment and Drilling and Evaluation segment.
Appaloosa Management Lp, the fund run by David Tepper represents the largest outside investor, holding 5,024,621 shares worth about $356 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.