Cmt Asset Management Ltd Lowers stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Cmt Asset Management Ltd reduced its stake in Halliburton Company by 52.18% during the most recent quarter end. The investment management company now holds a total of 14,456 shares of Halliburton Company which is valued at $633,751 after selling 15,774 shares in Halliburton Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Halliburton Company makes up approximately 0.74% of Cmt Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in HAL by selling 7,594 shares or 32.17% in the most recent quarter. The Hedge Fund company now holds 16,012 shares of HAL which is valued at $701,966. Halliburton Company makes up approx 0.04% of First Allied Advisory Services’s portfolio.Hodges Capital Management reduced its stake in HAL by selling 1,998 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 25,313 shares of HAL which is valued at $1,109,722. Halliburton Company makes up approx 0.05% of Hodges Capital Management’s portfolio.Exane Derivatives reduced its stake in HAL by selling 36,124 shares or 86.8% in the most recent quarter. The Hedge Fund company now holds 5,493 shares of HAL which is valued at $235,869. Halliburton Company makes up approx 0.04% of Exane Derivatives’s portfolio.1st Global Advisors reduced its stake in HAL by selling 85 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 16,334 shares of HAL which is valued at $715,919. Halliburton Company makes up approx 0.10% of 1st Global Advisors’s portfolio.

Halliburton Company closed down -0.16 points or -0.37% at $43.57 with 5,173,519 shares getting traded on Wednesday. Post opening the session at $43.7, the shares hit an intraday low of $43.195 and an intraday high of $43.98 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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