Halliburton Co (HAL) Shareholder Ascend Capital LLC Decreased Its Stake

June 29, 2018 - By Rhonda Roth

Halliburton Company (NYSE:HAL) Corporate LogoBig Money Sentiment decreased to 1.01 in 2018 Q1. It has change of 0.14, from 2017Q4’s 1.15. The ratio fall due to HAL positioning: 52 sold and 306 reduced. 96 funds amassed stakes and 265 increased stakes. Investors holded 675.47 million in 2017Q4 but now own 671.63 million shares or 0.57% less. M&T Fincl Bank Corporation, New York-based fund reported 700,663 shs. Bb&T Securities Ltd Co has 0.09% invested in Halliburton Company (NYSE:HAL). Alliancebernstein LP holds 0.05% of its capital in Halliburton Company (NYSE:HAL) for 1.45 million shs. Berson & Corrado Inv Advisors Limited Liability Corp owns 5,000 shs or 0.14% of their US capital. Whittier Of Nevada, a Nevada-based fund reported 6,722 shs. Murphy Capital Management reported 7,150 shs. Creative Planning has 106,404 shs. Financial Counselors stated it has 0.3% in Halliburton Company (NYSE:HAL). Berkshire Asset Management Limited Pa has 0.03% invested in Halliburton Company (NYSE:HAL). Andra Ap reported 0.08% stake. Tower Bridge has 187,428 shs. Verity Asset Mngmt stated it has 0.34% in Halliburton Company (NYSE:HAL). Tocqueville Asset Mngmt Ltd Partnership reported 0.05% stake. Fincl Architects has 2,114 shs for 0.02% of their capital. Dorsey And Whitney Trust Llc stated it has 0.05% in Halliburton Company (NYSE:HAL).

HAL had 10 insider sales and 0 buys since January 2, 2018. This’s net activity of $8.39 million. 29,025 shs were sold by Miller Jeffrey Allen, worth $1.60 million on Monday, January 22. The insider Carre Eric sold 28,653 shs worth $1.58 million. Voyles Robb L. sold $297,650 worth of Halliburton Company (NYSE:HAL) on Wednesday, January 3. Another trade for 4,583 shs valued at $251,835 was sold by McKeon Timothy. Brown James S had sold 12,977 shs worth $713,475 on Monday, January 22.

Based on the latest 2018Q1 regulatory filing with the SEC, Malcolm Fairbairn reduced its stake in Halliburton Co (HAL) by 45.88%. By selling 637,076 shares Ascend Capital Llc made the stock popped up with 4.06%. The hedge fund run by Malcolm Fairbairn is holding 751,445 shares, compared to the 1.39 million from the previous quarter. And the announced value of the oilfield services and equipment company is $35.27 million for the 2018Q1. $39.64B is the MC of Halliburton Co. HAL is touching $45.26 during the last trading session, after decreased 0.82%.Currently Halliburton Company is uptrending after 10.53% change in last June 29, 2017. HAL has also 4.11 million shares volume. HAL underperformed by 2.04% the S&P 500.

The Ascend Capital Llc’s stake in Evoqua Water Technologies Co was upped by 234,499 shares to 447,249 shares valued at $9.52M in 2018Q1, according to the filing. It manages about $4.98 billion and $2.46 billion US Long portfolio. Ascend Capital Llc has risen its stake in Devon Energy Corp New (NYSE:DVN) and also increased its holding in Sherwin Williams Co (NYSE:SHW) by 62,746 shares in the quarter, for a total of 71,350 shares.

On July, 23 Halliburton Company (NYSE:HAL)’s earnings report is anticipated by WallStreet, according to Faxor. Last year’s EPS was $0.23, while now analysts expect change of 156.52 % up from current $0.59 EPS. If EPS of $0.59 is revealed the profit of HAL could hit $516.76 million giving it 19.18 P/E. 43.90 % EPS growth is what Wall Street’s sees after $0.41 reported EPS previous quarter.

A couple more Halliburton Company (NYSE:HAL) news were released by: Seekingalpha.com which released on June 14, 2018 “Halliburton’s Stars Aligned For Multi-Year Move Higher”, also Streetinsider.com on June 29, 2018 released “Susquehanna Highlights Bullish Halliburton (HAL) Option Strategies”, the next Bizjournals.com is “Former Halliburton campus in Houston’s Westchase District sold” on June 20, 2018. Seekingalpha.com has article titled “Baker Hughes to go it alone as GE confirms plan to unload”.

Halliburton Company (NYSE:HAL) Ratings Coverage

In total 18 analysts cover Halliburton (NYSE:HAL). “Buy” rating has 16, “Sell” are 0, while 2 are “Hold”. (NYSE:HAL) has 89% bullish analysts. 27 are the (NYSE:HAL)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. In Tuesday, January 23 report Susquehanna maintained it with “Buy” rating and $65.0 target. On Tuesday, January 23 the firm earned “Hold” rating by Cowen & Co. On Tuesday, January 23 the rating was maintained by J.P. Morgan with “Buy”. On Tuesday, January 23 RBC Capital Markets maintained Halliburton Company (NYSE:HAL) with “Buy” rating. The stock rating was maintained by Jefferies with “Buy” on Monday, April 23. On Thursday, May 10 the firm has “Buy” rating by Bank of America given. On Monday, January 22 the firm earned “Buy” rating by Loop Capital Markets. In Wednesday, April 4 report Jefferies maintained the stock with “Buy” rating. On Wednesday, April 18 Bank of America maintained Halliburton Company (NYSE:HAL) rating. Bank of America has “Neutral” rating and $51 target. The company rating was maintained by JP Morgan on Tuesday, April 24.

Halliburton Company (NYSE:HAL) Institutional Investors Chart

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