Halliburton Company (HAL) : Energy Opportunities Capital Management reduced its stake in Halliburton Company by 4.31% during the most recent quarter end. The investment management company now holds a total of 804,443 shares of Halliburton Company which is valued at $35,266,781 after selling 36,243 shares in Halliburton Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Halliburton Company makes up approximately 10.82% of Energy Opportunities Capital Management’s portfolio.
Other Hedge Funds, Including , Millennium Management reduced its stake in HAL by selling 1,183,575 shares or 86.58% in the most recent quarter. The Hedge Fund company now holds 183,449 shares of HAL which is valued at $8,042,404. Halliburton Company makes up approx 0.02% of Millennium Management’s portfolio.Edmond De Rothschild (suisse) S.a. reduced its stake in HAL by selling 11,269 shares or 81.25% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of HAL which is valued at $113,984. Halliburton Company makes up approx 0.04% of Edmond De Rothschild (suisse) S.a.’s portfolio.Armstrong Shaw Associates Incct reduced its stake in HAL by selling 324 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 278,419 shares of HAL which is valued at $12,272,710. Halliburton Company makes up approx 3.00% of Armstrong Shaw Associates Incct’s portfolio. Coconut Grove Bank added HAL to its portfolio by purchasing 130 company shares during the most recent quarter which is valued at $5,682. Halliburton Company makes up approx 0.01% of Coconut Grove Bank’s portfolio.
Halliburton Company opened for trading at $43.01 and hit $43.29 on the upside on Thursday, eventually ending the session at $43.21, with a gain of 0.47% or 0.2 points. The heightened volatility saw the trading volume jump to 52,74,421 shares. Company has a market cap of $37,208 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.
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 Companys 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 Companys 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.