Lombard Odier Asset Management (europe) Ltd Lowers stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Lombard Odier Asset Management (europe) Ltd reduced its stake in Halliburton Company by 10.0% during the most recent quarter end. The investment management company now holds a total of 38,340 shares of Halliburton Company which is valued at $1,680,826 after selling 4,260 shares in Halliburton Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Halliburton Company makes up approximately 3.02% of Lombard Odier Asset Management (europe) Ltd’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in HAL by selling 110,707 shares or 81.33% in the most recent quarter. The Hedge Fund company now holds 25,408 shares of HAL which is valued at $1,113,887. Halliburton Company makes up approx 0.01% of Susquehanna International Group Llp’s portfolio.Mariner Wealth Advisors boosted its stake in HAL in the latest quarter, The investment management firm added 610 additional shares and now holds a total of 7,545 shares of Halliburton Company which is valued at $330,773. Halliburton Company makes up approx 0.02% of Mariner Wealth Advisors’s portfolio. Oarsman Capital sold out all of its stake in HAL during the most recent quarter. The investment firm sold 10,448 shares of HAL which is valued $458,040.Rhumbline Advisers boosted its stake in HAL in the latest quarter, The investment management firm added 87,802 additional shares and now holds a total of 1,373,459 shares of Halliburton Company which is valued at $60,212,443. Halliburton Company makes up approx 0.17% of Rhumbline Advisers’s portfolio.First Trust Advisors Lp boosted its stake in HAL in the latest quarter, The investment management firm added 17,293 additional shares and now holds a total of 224,780 shares of Halliburton Company which is valued at $9,825,134. Halliburton Company makes up approx 0.03% of First Trust Advisors Lp’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 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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