Halliburton Company (HAL) : Tweedy Browne Co reduced its stake in Halliburton Company by 4.03% during the most recent quarter end. The investment management company now holds a total of 5,117,260 shares of Halliburton Company which is valued at $199.9 Million after selling 215,103 shares in Halliburton Company , the firm said in a disclosure report filed with the SEC on May 12, 2016.Halliburton Company makes up approximately 5.43% of Tweedy Browne Co’s portfolio.
Other Hedge Funds, Including , Girard Partners Ltd. reduced its stake in HAL by selling 399 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 7,741 shares of HAL which is valued at $302,363. Halliburton Company makes up approx 0.13% of Girard Partners Ltd.’s portfolio. Sunbelt Securities sold out all of its stake in HAL during the most recent quarter. The investment firm sold 5,758 shares of HAL which is valued $224,907.Norges Bank boosted its stake in HAL in the latest quarter, The investment management firm added 26,918 additional shares and now holds a total of 6,259,638 shares of Halliburton Company which is valued at $244.5 Million. Halliburton Company makes up approx 0.12% of Norges Bank’s portfolio.Sky Investment Group reduced its stake in HAL by selling 3,079 shares or 6.91% in the most recent quarter. The Hedge Fund company now holds 41,470 shares of HAL which is valued at $1.6 Million. Halliburton Company makes up approx 0.80% of Sky Investment Group’s portfolio. Oceanic Investment Management Ltd added HAL to its portfolio by purchasing 1,020,600 company shares during the most recent quarter which is valued at $40.3 Million. Halliburton Company makes up approx 11.37% of Oceanic Investment Management Ltd’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 Companys 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 Companys 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.