As Halliburton Co (HAL) Shares Rose, Shareholder Ascend Capital LLC Decreased Stake

June 29, 2018 - By Edith Ladford

Halliburton Company (NYSE:HAL) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 1.01. That’s change of 0.14, from 2017Q4’s 1.15. 52 investors sold all, 306 reduced holdings as HAL ratio is negative. 265 increased holdings while 96 funds amassed holdings. Funds hold 671.63 million shares thus 0.57% less from 2017Q4’s 675.47 million shares. Jp Marvel Ltd Company has 64,420 shs for 0.93% of their capital. Carmignac Gestion stated it has 415,000 shs or 0.14% of all its holdings. New York-based D E Shaw has invested 0.13% in Halliburton Company (NYSE:HAL). Northwestern Mutual Wealth has 0.08% invested in Halliburton Company (NYSE:HAL). Sanders Cap Ltd Liability Com reported 15.05 million shs or 3.92% of all its holdings. Profund Advsrs Limited Liability reported 58,926 shs or 0.11% of all its holdings. 232,271 were accumulated by 1832 Asset Mngmt L P. Ameritas Investment Prtnrs has 26,607 shs for 0.06% of their capital. Summit Wealth Advsr Ltd reported 12,720 shs. Trillium Asset Mgmt Limited Liability Corp reported 4,852 shs stake. Nomura Holdings owns 503,058 shs for 0.02% of their capital. Thornburg Mgmt, New Mexico-based fund reported 5.20M shs. Sumitomo Mitsui Trust Holding Inc owns 2.65M shs. Moreover, Sawgrass Asset Mgmt Lc has 0.02% invested in Halliburton Company (NYSE:HAL). Deutsche Retail Bank Ag has invested 0.11% in Halliburton Company (NYSE:HAL).

HAL registered $8.39 million net activity with 0 insider purchases and 10 selling transactions since January 2, 2018. On Tuesday, January 9 Beaty Anne L. also sold $83,844 worth of Halliburton Company (NYSE:HAL). On Monday, January 22 $713,475 worth of stock was sold by Brown James S. Miller Jeffrey Allen also sold $1.60M worth of Halliburton Company (NYSE:HAL) shs. $297,650 worth of stock was sold by Voyles Robb L. on Wednesday, January 3. $112,337 worth of Halliburton Company (NYSE:HAL) was sold by Carre Eric on Tuesday, January 2.

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%. At the end of 2018Q1, the 751,445 shares of the oilfield services and equipment company held by the hedge fund run by Malcolm Fairbairn were priced at $35.27 million, down from 1.39 million at the end of the previous reported quarter. Halliburton Co has $39.64B market cap. 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 4.11M shares volume. HAL underperformed by 2.04% the S&P500.

The Ascend Capital Llc’s stake in Dowdupont Inc was upped by 214,224 shares to 224,363 shares valued at $14.29M in 2018Q1, according to the filing. It manages about $4.98 billion and $2.46B US Long portfolio. Ascend Capital Llc has risen its stake in Golar Lng Ltd Bermuda (NASDAQ:GLNG) and also increased its holding in Hyatt Hotels Corp (NYSE:H) by 619,614 shares in the quarter, for a total of 634,317 shares.

On July, 23 is awaited Halliburton Company (NYSE:HAL)’s earnings report, Zacks reports. This year’s earnings per share analyst estimate is awaited to be $0.59. That is 156.52 % up compareed to $0.23 earnings per share for last year. HAL’s profit could reach $516.76M if the current earnings per share of $0.59 is accurate. Wall Street predicts 43.90 % EPS growth as of July, 23.

A couple more Halliburton Company (NYSE:HAL) news were published by: Streetinsider.com which released on June 29, 2018 “Susquehanna Highlights Bullish Halliburton (HAL) Option Strategies”, also Seekingalpha.com on June 26, 2018 published “Baker Hughes to go it alone as GE confirms plan to unload”, the next Seekingalpha.com is “Halliburton’s Stars Aligned For Multi-Year Move Higher” on June 14, 2018. Bizjournals.com has article titled “Former Halliburton campus in Houston’s Westchase District sold”.

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”. 89% are bullish. 27 are the (NYSE:HAL)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. The company rating was maintained by Jefferies on Tuesday, January 23. The company rating was maintained by Wells Fargo on Thursday, May 24. On Tuesday, January 23 the stock has “Buy” rating by J.P. Morgan. On Tuesday, January 23 the rating was maintained by Bernstein with “Buy”. On Thursday, January 11 the stock has “Hold” rating by Cowen & Co. On Monday, January 15 BMO Capital Markets maintained Halliburton Company (NYSE:HAL) with “Buy” rating. On Wednesday, January 24 the firm has “Buy” rating by FBR Capital given. On Tuesday, April 24 Seaport Global maintained the shares of HAL in report with “Buy” rating. On Tuesday, April 24 JP Morgan maintained the shares of HAL in report with “Overweight” rating. On Tuesday, January 23 the company was maintained by Susquehanna.

Halliburton Company (NYSE:HAL) Institutional Investors Chart

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