As Halliburton Co (HAL) Shares Rose, Shareholder Ascend Capital LLC Decreased Its Stake by $29.31 Million

June 29, 2018 - By Daniel Cummings

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 dropped. 265 increased holdings while 96 funds bought holdings. Funds hold 671.63 million shares thus 0.57% less from 2017Q4’s 675.47 million shares. Private Tru Na stated it has 6,160 shs. Thompson Siegel & Walmsley Ltd Limited Liability Company has 150 shs for 0% of their capital. California Public Employees Retirement Systems reported 1.98M shs. Mercer Advisers Inc stated it has 200 shs. Rockland Tru reported 10,130 shs or 0.06% of all its holdings. Koshinski Asset Inc stated it has 7,975 shs or 0.12% of all its holdings. Sei Investments Co has 726,744 shs. Commonwealth Bancorp Of holds 218,967 shs or 0.11% of its capital. Utah Retirement Systems reported 161,214 shs or 0.16% of all its holdings. Dynamic Advisor Solutions holds 0.08% or 6,376 shs in its capital. Tradewinds Capital Mngmt Lc invested in 0.06% or 2,846 shs. The New Jersey-based Nj State Employees Deferred Compensation Plan has invested 0.13% in Halliburton Company (NYSE:HAL). France-based Credit Agricole S A has invested 0.12% in Halliburton Company (NYSE:HAL). American Century Companies Inc reported 5.71 million shs. Invesco Ltd accumulated 7.92 million shs.

HAL had 10 sales and 0 buys since January 2, 2018. This’s net activity of $8.39 million. On Tuesday, January 9 Beaty Anne L. had sold 1,601 shs worth $83,844. Shares for $297,650 were sold by Voyles Robb L.. Miller Jeffrey Allen also sold $1.60 million worth of Halliburton Company (NYSE:HAL) shs. McKeon Timothy also sold $251,835 worth of Halliburton Company (NYSE:HAL) on Monday, January 22. On Monday, January 22 Brown James S sold $713,475 worth of Halliburton Company (NYSE:HAL).

In 2018Q1 SEC filling is reported Malcolm Fairbairn’s stake in Halliburton Co (HAL) which was decreased by 45.88%. The company’s stock rose 4.06% while stock markets declined as Ascend Capital Llc sold 637,076 shares. The oilfield services and equipment company announced $35.27M value for the 2018Q1. Now the hedge fund run by Malcolm Fairbairn is holding 751,445 shares, compared to the 1.39 million from the previous quarter. Halliburton Co has $39.64 billion market cap. The stock decreased 0.82% or $0.38 during the last trading session, reaching $45.26.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&P 500.

About $4.98 billion and $2.46 billion US Long portfolio Ascend Capital Llc operates. Its stake in Marriott Intl Inc New (NASDAQ:MAR) was rose by 381,442 shares to 397,124 shares valued at $54.00 million in 2018Q1, according to the filing. For a total of 442,983 shares it increased its holding in Devon Energy Corp New (NYSE:DVN) by 159,103 shares in the quarter, and has risen its stake in Oracle Corp (NYSE:ORCL).

Halliburton Company (NYSE:HAL)’s earnings release is expected by WallStreet on July, 23, Faxor reports. Analysts forecast $0.59 EPS. That’s $0.36 up or 156.52 % from 2017’s earnings of $0.23. If the current EPS of $0.59 is accurate, HAL’s profit could be $516.76 million. After $0.41 EPS was reported previous quarter, analysts now see EPS growth of 43.90 % for Halliburton Company.

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

Halliburton Company (NYSE:HAL) Ratings Coverage

A total of 18 analysts rate Halliburton (NYSE:HAL) as follows: 16 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 89% are bullish. (NYSE:HAL) has 27 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Wednesday, April 25 the rating was maintained by Barclays Capital with “Overweight”. On Thursday, May 10 Bank of America upgraded Halliburton Company (NYSE:HAL) to “Buy” rating. On Tuesday, April 24 JP Morgan maintained Halliburton Company (NYSE:HAL) with “Overweight” rating. On Monday, April 23 the firm has “Buy” rating given by Jefferies. On Monday, January 22 Loop Capital Markets maintained Halliburton Company (NYSE:HAL) with “Buy” rating. On Wednesday, April 18 the stock of Halliburton Company (NYSE:HAL) has “Neutral” rating given by Bank of America. In Tuesday, April 24 report Guggenheim maintained the stock with “Buy” rating. On Tuesday, January 23 the firm has “Hold” rating given by Cowen & Co. On Monday, January 29 Atlantic Securities upgraded the shares of HAL in report to “Neutral” rating. On Thursday, January 4 the firm has “Buy” rating by Jefferies given.

Halliburton Company (NYSE:HAL) Institutional Investors Chart

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