Halliburton Co (HAL) Shares Rose While Ascend Capital LLC Decreased by $29.31 Million Its Stake

June 29, 2018 - By Nicole Mills

Halliburton Company (NYSE:HAL) Corporate LogoBig Money Sentiment decreased to 1.01 in Q1 2018. It has change of 0.14, from 2017Q4’s 1.15. The ratio worsened due to HAL positioning: 52 sold and 306 reduced. 96 funds took stakes and 265 increased stakes. Investors holded 675.47 million in 2017Q4 but now own 671.63 million shares or 0.57% less. Cambrian Capital Lp reported 4.09% in Halliburton Company (NYSE:HAL). Gotham Asset Mngmt Ltd Liability has invested 0.04% in Halliburton Company (NYSE:HAL). Gateway Advisers Llc reported 0.27% in Halliburton Company (NYSE:HAL). Old Natl Bancorp In has invested 0.04% of its capital in Halliburton Company (NYSE:HAL). Peoples Service accumulated 219 shs. Meeder Asset Mgmt has 0.14% invested in Halliburton Company (NYSE:HAL) for 32,550 shs. Kornitzer Cap Inc Ks invested 0.01% of its capital in Halliburton Company (NYSE:HAL). Amg Natl Tru Savings Bank invested in 51,556 shs. Guardian Life Insur Co Of America owns 2,010 shs. Gam Ag has 311,808 shs for 0.52% of their capital. Arcadia Inv Management Corporation Mi owns 86,177 shs for 1.14% of their capital. Jane Street Gru Limited Liability Corporation accumulated 0.03% or 279,000 shs. 11,072 are held by Eads Heald Counsel. Cobblestone Advsrs Ltd Limited Liability Company Ny reported 7,899 shs. Hartford Investment Management owns 181,449 shs for 0.17% of their capital.

HAL registered $8.39 million net activity with 0 insider purchases and 10 selling transactions since January 2, 2018. Beaty Anne L. sold $83,844 worth of stock or 1,601 shs. On Friday, January 5 Carre Eric had sold 28,024 shs worth $1.45M. 12,977 shs were sold by Brown James S, worth $713,475. Another trade for 29,025 shs valued at $1.60 million was made by Miller Jeffrey Allen on Monday, January 22. On Monday, January 22 $251,835 worth of stock was sold by McKeon Timothy.

In 2018Q1 SEC form is reported Malcolm Fairbairn’s stake in Halliburton Co (HAL) which was decreased by 45.88%. 637,076 shares were sold by Ascend Capital Llc as the company’s stock rose 4.06% while stock markets declined. At the end of 2018Q1, the hedge fund run by Malcolm Fairbairn held 751,445 shares of the oilfield services and equipment company, valued at $35.27M, down from 1.39 million at the end of the previous reported quarter. Halliburton Co has $39.64B market cap. HAL is hitting $45.26 during the last trading session, after decreased 0.82%.Halliburton Company has volume of 4.11M shares. Since June 29, 2017 HAL has risen 10.53% and is uptrending. The stock underperformed the S&P 500 by 2.04%.

The Ascend Capital Llc’s stake in Oracle Corp (NYSE:ORCL) was rose by 165,375 shares to 338,865 shares valued at $15.50M in 2018Q1, according to the filing. It operates about $4.98B and $2.46B US Long portfolio. Ascend Capital Llc has risen its stake in World Wrestling Entmt Inc (NYSE:WWE) and also increased its holding in Marriott Intl Inc New (NASDAQ:MAR) by 381,442 shares in the quarter, for a total of 397,124 shares.

On July, 23 WallStreet awaited Halliburton Company (NYSE:HAL)’s earnings release, Zacks reports. Last year’s earnings per share was $0.23, while now analysts expect change of 156.52 % up from current $0.59 earnings per share. If HAL’s EPS is $0.59 the profit will reach $516.76M for 19.18 P/E. 43.90 % EPS growth is what Wall Street’s forecasts after $0.41 reported EPS previous quarter.

A couple more Halliburton Company (NYSE:HAL) news were published by: Streetinsider.com which released on June 29, 2018 “Susquehanna Highlights Bullish Halliburton (HAL) Option Strategies”, also Seekingalpha.com on June 26, 2018 published “Baker Hughes to go it alone as GE confirms plan to unload”, the next Bizjournals.com is “Former Halliburton campus in Houston’s Westchase District sold” on June 20, 2018. Seekingalpha.com has article titled “Halliburton’s Stars Aligned For Multi-Year Move Higher”.

Halliburton Company (NYSE:HAL) Ratings Coverage

A total of 18 analysts rate Halliburton (NYSE:HAL) as follows: 16 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 89% are bullish. (NYSE:HAL) has 27 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Wednesday, January 24 the firm has “Buy” rating by FBR Capital given. In Thursday, January 4 report Jefferies maintained it with “Buy” rating and $57.0 target. The company rating was upgraded by Atlantic Securities on Monday, January 29. On Monday, January 22 the firm has “Buy” rating given by Loop Capital Markets. On Tuesday, April 24 the company was maintained by Guggenheim. The stock rating was maintained by Bank of America with “Neutral” on Wednesday, April 18. On Thursday, May 24 the rating was maintained by Wells Fargo with “Buy”. On Wednesday, April 25 the stock of Halliburton Company (NYSE:HAL) has “Overweight” rating given by Barclays Capital. On Thursday, January 11 the firm earned “Hold” rating by Cowen & Co. On Tuesday, January 23 Jefferies maintained Halliburton Company (NYSE:HAL) with “Buy” rating.

Halliburton Company (NYSE:HAL) Institutional Investors Chart

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