Halliburton Stock information
Halliburton Company is one of the most highly regarded oil and gas company in the world. Halliburton stock represents a company with many interests in the energy spectrum, an area that has benefitted from the commodities boom and rising oil and gas prices. Halliburton stock trades in New York City on the New York Stock Exchange or, NYSE. The Halliburton stock symbol is HAL. The company calls Houston, Texas its home and has nearly 900 million shares outstanding in 2008. The Halliburton stock faces extra public scrutiny due to the close ties with Vice President Dick Cheney and its ability to secure no bid contracts from the US government. It faces many competitors in each of its fields of play including Exxon Stock, Chevron Stock, Schlumberger Limited, Baker Hughes, and Sunoco Stock.
Halliburton stock provides a well diversified option for investors looking to take advantage of the demand for oil and gasoline. The energy sector is one of the most popular investment considerations in a long term portfolio. Halliburton has two main parts of its business: Completion and Production and the Drilling and Evaluation. The company provides oil well and drilling services throughout the world. The company has been quite acquisitive looking to continue to add growth to the Halliburton stock.
Hallburton stock is so widely held by retail and institutional investors because of its stable beta and strength of size and growth. The company is approaching a $50 billion market capitalization in the Summer of 2008. Institutional investors have piled into the stock at this time and own 86% of all outstanding shares. The company does pay a dividend, but has made the use of its strong cash flow generation in purchasing other companies. For additional, to date, research on Halliburton stock, check out our Halliburton stock information page.