First Dallas Securities Lowers stake in Halliburton Company (HAL)

Halliburton Company (HAL) : First Dallas Securities reduced its stake in Halliburton Company by 15.13% during the most recent quarter end. The investment management company now holds a total of 33,591 shares of Halliburton Company which is valued at $1,441,726 after selling 5,988 shares in Halliburton Company , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Halliburton Company makes up approximately 1.07% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Deltec Asset Management reduced its stake in HAL by selling 5,000 shares or 25.09% in the most recent quarter. The Hedge Fund company now holds 14,930 shares of HAL which is valued at $640,796. Halliburton Company makes up approx 0.15% of Deltec Asset Management’s portfolio.First Quadrant L Pca boosted its stake in HAL in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 24,600 shares of Halliburton Company which is valued at $1,089,288. Halliburton Company makes up approx 0.02% of First Quadrant L Pca’s portfolio.Palisade Asset Management reduced its stake in HAL by selling 2,000 shares or 6.23% in the most recent quarter. The Hedge Fund company now holds 30,090 shares of HAL which is valued at $1,360,369. Halliburton Company makes up approx 0.25% of Palisade Asset Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in HAL by selling 654,657 shares or 47.14% in the most recent quarter. The Hedge Fund company now holds 734,053 shares of HAL which is valued at $33,054,407. Halliburton Company makes up approx 0.15% of Bnp Paribas Arbitrage Sa’s portfolio.

Halliburton Company opened for trading at $42.27 and hit $43.8 on the upside on Friday, eventually ending the session at $43.66, with a gain of 2.08% or 0.89 points. The heightened volatility saw the trading volume jump to 74,37,322 shares. Company has a market cap of $37,516 M.

On the company’s financial health, Halliburton Company reported $-0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.19. The company had revenue of $3835.00 million for the quarter, compared to analysts expectations of $3760.48 million. The company’s revenue was down -35.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Investors should note that on Jul 14, 2016, Halliburton Company announced a cash dividend of $0.1800. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 28, 2016.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by FBR Capital on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $49 .Halliburton Company was Downgraded by Societe Generale to ” Hold” on Jul 19, 2016. Company shares were Reiterated by KeyBanc Capital Mkts on Jun 21, 2016 to “Overweight”, Firm has raised the Price Target to $ 54 from a previous price target of $45 .

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions which form the basis for its two operating segments: the Completion and Production segment and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing stimulation intervention pressure control specialty chemicals artificial lift and completion products and services. Production Enhancement services include stimulation services and sand control services. The Company’s Drilling and Evaluation segment provides field and reservoir modeling drilling evaluation and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.

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