A-R-T- Advisors LLC Has Trimmed Position in Halliburton Co (HAL) by $7.72 Million as Valuation Rose

August 26, 2018 - By Mary Markley

Halliburton Company (NYSE:HAL) LogoInvestors sentiment decreased to 1.01 in Q1 2018. Its down 0.14, from 1.15 in 2017Q4. It worsened, as 52 investors sold HAL shares while 306 reduced holdings. 96 funds opened positions while 265 raised stakes. 671.63 million shares or 0.57% less from 675.47 million shares in 2017Q4 were reported. California State Teachers Retirement Sys holds 0.15% or 1.50 million shares. Polaris Greystone Finance Group Inc Incorporated Limited Liability Co has 0.02% invested in Halliburton Company (NYSE:HAL) for 4,300 shares. Bkd Wealth Advisors Ltd Liability Co owns 3,853 shares for 0.02% of their portfolio. Williams Jones Lc invested in 0.03% or 30,909 shares. Whittier Of Nevada owns 6,722 shares for 0.03% of their portfolio. Montag A Assocs reported 7,800 shares. Guardian Life Ins Of America reported 2,010 shares or 0.02% of all its holdings. Duff Phelps Investment Mgmt has 9,310 shares for 0.01% of their portfolio. Ameritas Incorporated owns 26,607 shares. Northwestern Mutual Wealth Management reported 0.08% of its portfolio in Halliburton Company (NYSE:HAL). Bermuda-based Fil Ltd has invested 0.24% in Halliburton Company (NYSE:HAL). Plante Moran Finance Advsrs Lc has invested 0.01% in Halliburton Company (NYSE:HAL). Cramer Rosenthal Mcglynn Limited Liability holds 0.74% or 970,340 shares. Rbf Capital Limited Liability Company owns 15,000 shares. Cambrian Limited Partnership reported 4.09% stake.

A-R-T- Advisors Llc decreased its stake in Halliburton Co (HAL) by 43.65% based on its latest 2018Q1 regulatory filing with the SEC. A-R-T- Advisors Llc sold 167,800 shares as the company’s stock rose 4.06% while stock markets declined. The hedge fund held 216,600 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $10.17M, down from 384,400 at the end of the previous reported quarter. A-R-T- Advisors Llc who had been investing in Halliburton Co for a number of months, seems to be less bullish one the $35.91 billion market cap company. The stock decreased 0.05% or $0.02 during the last trading session, reaching $40.81. About 5.12 million shares traded. Halliburton Company (NYSE:HAL) has risen 10.53% since August 26, 2017 and is uptrending. It has underperformed by 2.04% the S&P500.

A-R-T- Advisors Llc, which manages about $4.41B and $2.49 billion US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 199,300 shares to 276,225 shares, valued at $13.21 million in 2018Q1, according to the filing. It also increased its holding in Vmware Inc (NYSE:VMW) by 37,900 shares in the quarter, for a total of 52,800 shares, and has risen its stake in Coca Cola European Partners.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on October, 22. They expect $0.59 earnings per share, up 40.48 % or $0.17 from last year’s $0.42 per share. HAL’s profit will be $519.15M for 17.29 P/E if the $0.59 EPS becomes a reality. After $0.58 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts 1.72 % EPS growth.

More recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: “Halliburton: Mr. Market May Have Overreacted” on August 17, 2018. Also Seekingalpha.com published the news titled: “Fracking robots in the works at Halliburton” on August 22, 2018. Seekingalpha.com‘s news article titled: “Is Halliburton’s Upside Limited?” with publication date: August 20, 2018 was also an interesting one.

Halliburton Company (NYSE:HAL) Ratings Coverage

Among 11 analysts covering Halliburton (NYSE:HAL), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Halliburton had 15 analyst reports since March 15, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Monday, June 25 with “Buy”. The rating was maintained by Wells Fargo with “Buy” on Thursday, May 24. The company was maintained on Monday, April 23 by Jefferies. Guggenheim maintained Halliburton Company (NYSE:HAL) on Tuesday, April 24 with “Buy” rating. The stock of Halliburton Company (NYSE:HAL) has “Neutral” rating given on Wednesday, April 18 by Bank of America. The stock has “Buy” rating by Jefferies on Wednesday, April 4. As per Tuesday, July 24, the company rating was maintained by Credit Suisse. Raymond James maintained Halliburton Company (NYSE:HAL) on Tuesday, July 24 with “Strong Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, April 25 report. The stock of Halliburton Company (NYSE:HAL) has “Market Perform” rating given on Tuesday, July 24 by Cowen & Co.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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