Crestline Management Lp adds Halliburton Company (HAL) to its portfolio

Halliburton Company (HAL) : Crestline Management Lp added new position in Halliburton Company during the most recent quarter end. The investment management firm now holds 130,215 shares of Halliburton Company which is valued at $6,268,550 , the company said in a statement filed on Nov 14, 2016 with the SEC.Halliburton Company makes up approximately 0.75% of Crestline Management Lp’s portfolio.

Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in HAL by selling 1,813 shares or 7.65% in the most recent quarter. The Hedge Fund company now holds 21,875 shares of HAL which is valued at $1,053,063. Halliburton Company makes up approx 0.02% of Northwestern Mutual Wealth Management Co’s portfolio.Crawford Investment Counsel Inc boosted its stake in HAL in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 5,144 shares of Halliburton Company which is valued at $251,079. Halliburton Company makes up approx 0.01% of Crawford Investment Counsel Inc’s portfolio.Focused Wealth Management Inc reduced its stake in HAL by selling 56 shares or 2.75% in the most recent quarter. The Hedge Fund company now holds 1,981 shares of HAL which is valued at $96,693. Halliburton Company makes up approx 0.04% of Focused Wealth Management Inc’s portfolio. Bank Of The Ozarks sold out all of its stake in HAL during the most recent quarter. The investment firm sold 4,983 shares of HAL which is valued $228,869.Chelsea Counsel Co reduced its stake in HAL by selling 800 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 21,500 shares of HAL which is valued at $987,495. Halliburton Company makes up approx 0.53% of Chelsea Counsel Co’s portfolio.

Halliburton Company opened for trading at $48.86 and hit $49.49 on the upside on Monday, eventually ending the session at $49.31, with a gain of 1.46% or 0.71 points. The heightened volatility saw the trading volume jump to 66,62,999 shares. Company has a market cap of $42,626 M.

On the company’s financial health, Halliburton Company reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $-0.06. The company had revenue of $3833.00 million for the quarter, compared to analysts expectations of $3897.16 million. The company’s revenue was down -31.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by Cowen on Oct 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Company shares were Reiterated by Scotia Howard Weil on Oct 20, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $50 .Company shares were Reiterated by FBR & Co. on Oct 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $53 .

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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