National Pension Service buys $28,531,034 stake in Halliburton Company (HAL)

Halliburton Company (HAL) : National Pension Service scooped up 47,976 additional shares in Halliburton Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 607,431 shares of Halliburton Company which is valued at $28,531,034.Halliburton Company makes up approximately 0.23% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Sarasin Partners Llp reduced its stake in HAL by selling 521 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 363,561 shares of HAL which is valued at $17,076,460. Halliburton Company makes up approx 0.27% of Sarasin Partners Llp’s portfolio.Legal General Group Plc boosted its stake in HAL in the latest quarter, The investment management firm added 314,336 additional shares and now holds a total of 4,233,935 shares of Halliburton Company which is valued at $197,470,728. Halliburton Company makes up approx 0.20% of Legal General Group Plc’s portfolio.Grassi Investment Management reduced its stake in HAL by selling 850 shares or 2.49% in the most recent quarter. The Hedge Fund company now holds 33,330 shares of HAL which is valued at $1,554,511. Halliburton Company makes up approx 0.30% of Grassi Investment Management’s portfolio.Advisory Services Network boosted its stake in HAL in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 11,662 shares of Halliburton Company which is valued at $539,484. Halliburton Company makes up approx 0.10% of Advisory Services Network’s portfolio.Cullinan Associates Inc boosted its stake in HAL in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 8,500 shares of Halliburton Company which is valued at $388,620. Halliburton Company makes up approx 0.03% of Cullinan Associates Inc’s portfolio.

Halliburton Company closed down -0.05 points or -0.11% at $46.97 with 73,53,354 shares getting traded on Friday. Post opening the session at $47.46, the shares hit an intraday low of $46.84 and an intraday high of $47.83 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Many Wall Street Analysts have commented on Halliburton Company. Company shares were Reiterated by FBR & Co. on Oct 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 58 from a previous price target of $53 .Halliburton Company was Upgraded by Societe Generale to ” Buy” on Oct 3, 2016. 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 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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