Caldwell Orkin Inc buys $5,853,298 stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Caldwell Orkin Inc scooped up 112,615 additional shares in Halliburton Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 133,515 shares of Halliburton Company which is valued at $5,853,298.Halliburton Company makes up approximately 3.28% of Caldwell Orkin Inc’s portfolio.

Other Hedge Funds, Including , Cannell Peter B Co Inc reduced its stake in HAL by selling 1,150 shares or 12.97% in the most recent quarter. The Hedge Fund company now holds 7,720 shares of HAL which is valued at $338,445. Halliburton Company makes up approx 0.01% of Cannell Peter B Co Inc’s portfolio.Blume Capital Management reduced its stake in HAL by selling 26,050 shares or 35.08% in the most recent quarter. The Hedge Fund company now holds 48,200 shares of HAL which is valued at $2,106,822. Halliburton Company makes up approx 2.01% of Blume Capital Management’s portfolio.Ghp Investment Advisors boosted its stake in HAL in the latest quarter, The investment management firm added 562 additional shares and now holds a total of 20,929 shares of Halliburton Company which is valued at $898,691. Halliburton Company makes up approx 0.17% of Ghp Investment Advisors’s portfolio.Herndon Capital Management reduced its stake in HAL by selling 48,764 shares or 99.84% in the most recent quarter. The Hedge Fund company now holds 79 shares of HAL which is valued at $3,449.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in HAL in the latest quarter, The investment management firm added 1,056 additional shares and now holds a total of 65,370 shares of Halliburton Company which is valued at $2,854,054. Halliburton Company makes up approx 0.08% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Halliburton Company closed down -0.09 points or -0.20% at $44.99 with 76,41,965 shares getting traded on Tuesday. Post opening the session at $45.02, the shares hit an intraday low of $44.93 and an intraday high of $45.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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