Veritas Investment Management (uk) Ltd Exits Position in Halliburton Company (HAL)

Halliburton Company (HAL) : Veritas Investment Management (uk) Ltd has sold out all of its stake in Halliburton Company during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 865 shares of Halliburton Company which is valued at $38,285.

Other Hedge Funds, Including , Wesbanco Bank Inc reduced its stake in HAL by selling 810 shares or 2.86% in the most recent quarter. The Hedge Fund company now holds 27,546 shares of HAL which is valued at $1,214,228. Halliburton Company makes up approx 0.07% of Wesbanco Bank Inc’s portfolio.Cable Hill Partners reduced its stake in HAL by selling 402 shares or 38.4% in the most recent quarter. The Hedge Fund company now holds 645 shares of HAL which is valued at $28,193. Halliburton Company makes up approx 0.02% of Cable Hill Partners’s portfolio.Essex Financial Services reduced its stake in HAL by selling 3,250 shares or 34.19% in the most recent quarter. The Hedge Fund company now holds 6,255 shares of HAL which is valued at $273,093. Halliburton Company makes up approx 0.06% of Essex Financial Services’s portfolio.Diligent Investors reduced its stake in HAL by selling 350 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 11,521 shares of HAL which is valued at $503,007. Halliburton Company makes up approx 0.46% of Diligent Investors’s portfolio.Concert Wealth Management reduced its stake in HAL by selling 910 shares or 9.99% in the most recent quarter. The Hedge Fund company now holds 8,199 shares of HAL which is valued at $357,968. Halliburton Company makes up approx 0.05% of Concert Wealth Management’s portfolio.

Halliburton Company opened for trading at $44.59 and hit $45.22 on the upside on Wednesday, eventually ending the session at $45.1, with a gain of 1.08% or 0.48 points. The heightened volatility saw the trading volume jump to 61,90,284 shares. Company has a market cap of $38,836 M.

On the company’s financial health, Halliburton Company reported $-0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.19. The company had revenue of $3835.00 million for the quarter, compared to analysts expectations of $3760.48 million. The company’s revenue was down -35.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Investors should note that on Jul 14, 2016, Halliburton Company announced a cash dividend of $0.1800. The company’s management has announced Sep 2, 2016 as the ex-dividend date and fixed the record date on Sep 7, 2016. The payable date has been fixed on Sep 28, 2016.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by FBR Capital on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $49 .Halliburton Company was Downgraded by Societe Generale to ” Hold” on Jul 19, 2016. Company shares were Reiterated by KeyBanc Capital Mkts on Jun 21, 2016 to “Overweight”, Firm has raised the Price Target to $ 54 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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