Spot Trading L.l.c buys $11,943,845 stake in Halliburton Company (HAL)

Halliburton Company (HAL) : Spot Trading L.l.c scooped up 41,473 additional shares in Halliburton Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 305,782 shares of Halliburton Company which is valued at $11,943,845.Halliburton Company makes up approximately 1.59% of Spot Trading L.l.c’s portfolio.

Other Hedge Funds, Including , Investment Counselors Of Maryland reduced its stake in HAL by selling 3,750 shares or 17.55% in the most recent quarter. The Hedge Fund company now holds 17,620 shares of HAL which is valued at $688,237. Halliburton Company makes up approx 0.04% of Investment Counselors Of Maryland’s portfolio.South Dakota Investment Council boosted its stake in HAL in the latest quarter, The investment management firm added 21,980 additional shares and now holds a total of 969,566 shares of Halliburton Company which is valued at $38,239,683. Halliburton Company makes up approx 0.83% of South Dakota Investment Council’s portfolio.Schwab Charles Investment Management Inc boosted its stake in HAL in the latest quarter, The investment management firm added 129,741 additional shares and now holds a total of 2,650,129 shares of Halliburton Company which is valued at $104,521,088. Halliburton Company makes up approx 0.14% of Schwab Charles Investment Management Inc’s portfolio.Duff Phelps Investment Management Co reduced its stake in HAL by selling 2,640 shares or 18.88% in the most recent quarter. The Hedge Fund company now holds 11,340 shares of HAL which is valued at $447,250. Halliburton Company makes up approx 0.01% of Duff Phelps Investment Management Co’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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