Parkwood Lowers stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Parkwood reduced its stake in Halliburton Company by 13.28% during the most recent quarter end. The investment management company now holds a total of 131,457 shares of Halliburton Company which is valued at $5,184,664 after selling 20,135 shares in Halliburton Company , the firm said in a disclosure report filed with the SEC on May 2, 2016.Halliburton Company makes up approximately 0.89% of Parkwood’s portfolio.

Halliburton Company closed down -0.5 points or -1.25% at $39.44 with 1,38,27,118 shares getting traded on Friday. Post opening the session at $39.47, the shares hit an intraday low of $39.16 and an intraday high of $40.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Agf Investments reduced its stake in HAL by selling 1,290 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 31,121 shares of HAL which is valued at $1,227,412. Halliburton Company makes up approx 0.01% of Agf Investments’s portfolio.Pitcairn Co reduced its stake in HAL by selling 2,634 shares or 25.64% in the most recent quarter. The Hedge Fund company now holds 7,640 shares of HAL which is valued at $315,608. Halliburton Company makes up approx 0.04% of Pitcairn Co’s portfolio.Rockefeller Financial Services Inc reduced its stake in HAL by selling 7,615 shares or 27.54% in the most recent quarter. The Hedge Fund company now holds 20,036 shares of HAL which is valued at $827,687. Halliburton Company makes up approx 0.02% of Rockefeller Financial Services Inc’s portfolio.Td Securities (usa) boosted its stake in HAL in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 194 shares of Halliburton Company which is valued at $8,014. Halliburton Company makes up approx 0.07% of Td Securities (usa)’s portfolio.Wealthtrust-arizona reduced its stake in HAL by selling 24 shares or 9.52% in the most recent quarter. The Hedge Fund company now holds 228 shares of HAL which is valued at $9,419. Halliburton Company makes up approx 0.01% of Wealthtrust-arizona’s portfolio.

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 Reiterated by UBS on May 4, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Company shares were Reiterated by Cowen on May 4, 2016 to “Market Perform”, Firm has raised the Price Target to $ 40 from a previous price target of $33 .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 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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