Guinness Asset Management Ltd buys $11,756,008 stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Guinness Asset Management Ltd scooped up 66,000 additional shares in Halliburton Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 307,186 shares of Halliburton Company which is valued at $11,756,008.Halliburton Company makes up approximately 3.48% of Guinness Asset Management Ltd’s portfolio.

Halliburton Company closed down -0.11 points or -0.29% at $38.27 with 72,44,855 shares getting traded on Friday. Post opening the session at $38.13, the shares hit an intraday low of $37.62 and an intraday high of $38.44 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Guinness Atkinson Asset Management Inc reduced its stake in HAL by selling 2,000 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 42,900 shares of HAL which is valued at $1,641,783. Halliburton Company makes up approx 1.01% of Guinness Atkinson Asset Management Inc’s portfolio. Lgt Capital Partners Ltd. sold out all of its stake in HAL during the most recent quarter. The investment firm sold 92,480 shares of HAL which is valued $3,442,106. Indiana Trust Investment Management Co added HAL to its portfolio by purchasing 6,870 company shares during the most recent quarter which is valued at $255,701. Halliburton Company makes up approx 0.14% of Indiana Trust Investment Management Co’s portfolio.Cacti Asset Management boosted its stake in HAL in the latest quarter, The investment management firm added 11,955 additional shares and now holds a total of 626,941 shares of Halliburton Company which is valued at $21,999,360. Halliburton Company makes up approx 2.37% of Cacti Asset Management’s portfolio.

On the company’s financial health, Halliburton Company reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 25, 2016. Analyst had a consensus of $0.24. The company had revenue of $5082.00 million for the quarter, compared to analysts expectations of $5127.16 million. The company’s revenue was down -42.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by KLR Group on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $48 .Halliburton Company was Initiated by Nomura to “Buy” on Apr 8, 2016. Shares were Reiterated by Deutsche Bank on Apr 6, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $53 .

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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