Sg Americas Securities buys $95.1 Million stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Sg Americas Securities scooped up 1,329,417 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 2,435,569 shares of Halliburton Company which is valued at $95.1 Million.Halliburton Company makes up approximately 0.76% of Sg Americas Securities’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group reduced its stake in HAL by selling 147,420 shares or 80.77% in the most recent quarter. The Hedge Fund company now holds 35,100 shares of HAL which is valued at $1.4 Million. Halliburton Company makes up approx 0.01% of Daiwa Securities Group’s portfolio.Swedbank boosted its stake in HAL in the latest quarter, The investment management firm added 77,052 additional shares and now holds a total of 4,302,943 shares of Halliburton Company which is valued at $168.1 Million. Halliburton Company makes up approx 1.40% of Swedbank’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in HAL by selling 35,120 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 1,071,722 shares of HAL which is valued at $42.3 Million. Halliburton Company makes up approx 0.16% of State Board Of Administration Of Florida Retirement System’s portfolio.Bank Of The West reduced its stake in HAL by selling 2,447 shares or 13.13% in the most recent quarter. The Hedge Fund company now holds 16,192 shares of HAL which is valued at $638,612. Halliburton Company makes up approx 0.09% of Bank Of The West’s portfolio.Cadence Capital Management reduced its stake in HAL by selling 2,598 shares or 4.73% in the most recent quarter. The Hedge Fund company now holds 52,372 shares of HAL which is valued at $2.1 Million. Halliburton Company makes up approx 0.14% of Cadence Capital Management’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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