Group One Trading buys $8.7 Million stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Group One Trading scooped up 167,273 additional shares in Halliburton Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 222,884 shares of Halliburton Company which is valued at $8.7 Million.Halliburton Company makes up approximately 0.98% of Group One Trading’s portfolio.

Other Hedge Funds, Including , Nippon Life Global Investors Americas reduced its stake in HAL by selling 32,060 shares or 32.25% in the most recent quarter. The Hedge Fund company now holds 67,350 shares of HAL which is valued at $2.6 Million. Halliburton Company makes up approx 0.25% of Nippon Life Global Investors Americas’s portfolio.Amalgamated Bank boosted its stake in HAL in the latest quarter, The investment management firm added 8,103 additional shares and now holds a total of 30,483 shares of Halliburton Company which is valued at $1.2 Million. Halliburton Company makes up approx 0.12% of Amalgamated Bank’s portfolio.Arcadia Investment Management Corpmi reduced its stake in HAL by selling 8,595 shares or 8.88% in the most recent quarter. The Hedge Fund company now holds 88,237 shares of HAL which is valued at $3.6 Million. Halliburton Company makes up approx 1.20% of Arcadia Investment Management Corpmi’s portfolio.

Halliburton Company opened for trading at $40.55 and hit $41.33 on the upside on Friday, eventually ending the session at $40.91, with a gain of 1.92% or 0.77 points. The heightened volatility saw the trading volume jump to 83,65,923 shares. Company has a market cap of $35,153 M.

On the company’s financial health, Halliburton Company reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.04. The company had revenue of $4198.00 million for the quarter, compared to analysts expectations of $4147.00 million. The company’s revenue was down -40.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

Many Wall Street Analysts have commented on Halliburton Company. Halliburton Company was Upgraded by Griffin Securities to ” Buy” on May 19, 2016. Company shares were Upgraded by FBR Capital on May 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 49 from a previous price target of $44 .Halliburton Company was Resumed by Goldman to “Buy” on May 9, 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 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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