Jefferies Group buys $37.2 Million stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Jefferies Group scooped up 475,186 additional shares in Halliburton Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 953,262 shares of Halliburton Company which is valued at $37.2 Million.Halliburton Company makes up approximately 1.39% of Jefferies Group’s portfolio.

Other Hedge Funds, Including , Essex Financial Services reduced its stake in HAL by selling 1,557 shares or 14.08% in the most recent quarter. The Hedge Fund company now holds 9,505 shares of HAL which is valued at $371,265. Halliburton Company makes up approx 0.09% of Essex Financial Services’s portfolio.Thompson Siegel Walmsley boosted its stake in HAL in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 1,125 shares of Halliburton Company which is valued at $43,943.Nationwide Fund Advisors boosted its stake in HAL in the latest quarter, The investment management firm added 28,206 additional shares and now holds a total of 1,006,712 shares of Halliburton Company which is valued at $39.7 Million. Halliburton Company makes up approx 0.17% of Nationwide Fund Advisors’s portfolio.Rhumbline Advisers boosted its stake in HAL in the latest quarter, The investment management firm added 58,297 additional shares and now holds a total of 1,285,657 shares of Halliburton Company which is valued at $50.7 Million. Halliburton Company makes up approx 0.16% of Rhumbline Advisers’s portfolio.Signalpoint Asset Management reduced its stake in HAL by selling 100 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 6,060 shares of HAL which is valued at $250,339. Halliburton Company makes up approx 0.11% of Signalpoint Asset Management’s portfolio.

Halliburton Company opened for trading at $39.53 and hit $40.465 on the upside on Monday, eventually ending the session at $40.18, with a gain of 2.87% or 1.12 points. The heightened volatility saw the trading volume jump to 1,07,21,545 shares. Company has a market cap of $34,525 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. 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. Company shares were Reiterated by UBS on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 50 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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