Large Outflow of Money Witnessed in Halliburton Company

Halliburton Company (NYSE:HAL) surged 0.33% during the last session. The last traded price was up 0.15 points at $44.53. The data for the fund flow suggests that the net intraday money flow was $(-3.66) million. The fund value in upticks was recorded to be $9.33 million and in downticks, it was found to be $13 million. The up/down ratio for the day was measured to be 0.72. For the week, the shares have seen a percentage change of 3.91%.A block trade of $(-3.61) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.77 million and that of downticks was $4.38 million. The block tradeoff had the up/down ratio of 0.18.


Currently the company Insiders own 0.46% of Halliburton Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -7.48% . Institutional Investors own 80.1% of Halliburton Company shares. During last six month period, the net percent change held by insiders has seen a change of -7.48%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Miller Jeffrey Allen, director officer (President) of Halliburton Co, had unloaded 19,776 shares at an average price of $45 in a transaction dated on June 7, 2016. The total value of the transaction was worth $889,920.

Halliburton Company (NYSE:HAL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.1 points or 0.23% at $44.28 with 8,504,669 shares getting traded. Post opening the session at $43.94, the shares hit an intraday low of $43.73 and an intraday high of $44.95 and the price was in this range throughout the day. The company has a market cap of $38,048 million and the number of outstanding shares have been calculated to be 859,265,010 shares. The 52-week high of Halliburton Company (NYSE:HAL) is $46.69 and the 52-week low is $27.64.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Griffen Securities, upgrades their rating on the shares of Halliburton Company (NYSE:HAL). Griffen Securities has a Buy rating on the shares. The rating by the firm was issued on May 19, 2016.

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.

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