As Halliburton Co (HAL) Share Value Declined, John G Ullman & Associates INC Has Lifted Holding by $3.33 Million

November 10, 2018 - By Mona Holcomb

Halliburton Company (NYSE:HAL) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 0.09, from 1.01 in 2018Q1. It turned negative, as 50 investors sold HAL shares while 313 reduced holdings. 86 funds opened positions while 249 raised stakes. 671.97 million shares or 0.05% more from 671.63 million shares in 2018Q1 were reported. Aviva Public Limited Com has invested 0.13% of its portfolio in Halliburton Company (NYSE:HAL). Guinness Atkinson Asset Mgmt reported 23,800 shares or 0.6% of all its holdings. The Rhode Island-based Parsons Capital Management Ri has invested 0.31% in Halliburton Company (NYSE:HAL). United Fire Group holds 0.1% or 6,000 shares. Deltec Asset Mgmt Lc holds 0.58% in Halliburton Company (NYSE:HAL) or 64,000 shares. Ballentine Ltd Liability Corp has 0.01% invested in Halliburton Company (NYSE:HAL). Point72 Asset Management Ltd Partnership owns 0.48% invested in Halliburton Company (NYSE:HAL) for 2.69 million shares. State Treasurer State Of Michigan reported 0.09% stake. Stifel owns 849,983 shares. Thrivent Financial For Lutherans, Minnesota-based fund reported 3.39M shares. Wealthtrust Fairport Ltd Liability Co, Ohio-based fund reported 2,013 shares. Pinnacle Assocs Limited owns 74,061 shares. Bankshares Of Montreal Can, a Ontario – Canada-based fund reported 489,441 shares. Ajo Ltd Partnership accumulated 182,051 shares. Sunbelt holds 0.12% in Halliburton Company (NYSE:HAL) or 4,590 shares.

Since September 20, 2018, it had 0 insider purchases, and 1 sale for $648,034 activity.

John G Ullman & Associates Inc increased its stake in Halliburton Co (HAL) by 212.5% based on its latest 2018Q2 regulatory filing with the SEC. John G Ullman & Associates Inc bought 73,950 shares as the company’s stock declined 19.99% while stock markets rallied. The institutional investor held 108,750 shares of the oilfield services and equipment company at the end of 2018Q2, valued at $4.90 million, up from 34,800 at the end of the previous reported quarter. John G Ullman & Associates Inc who had been investing in Halliburton Co for a number of months, seems to be bullish on the $30.64 billion market cap company. The stock decreased 1.10% or $0.39 during the last trading session, reaching $34.98. About 9.36M shares traded or 2.37% up from the average. Halliburton Company (NYSE:HAL) has declined 7.56% since November 10, 2017 and is downtrending. It has underperformed by 23.18% the S&P500.

More notable recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: “Is Halliburton A Buy At 52-Week Lows?” on October 26, 2018, also Seekingalpha.com with their article: “Halliburton Company (HAL) CEO Jeff Miller on Q3 2018 Results – Earnings Call Transcript” published on October 22, 2018, Seekingalpha.com published: “Two Precious Investing Lessons From Halliburton” on October 25, 2018. More interesting news about Halliburton Company (NYSE:HAL) were released by: Fool.com and their article: “Why These Top Oilfield Services Stocks Dropped More Than 14% in October” published on November 10, 2018 as well as Seekingalpha.com‘s news article titled: “Halliburton: Look Out Below” with publication date: October 20, 2018.

Halliburton Company (NYSE:HAL) Ratings Coverage

Among 11 analysts covering Halliburton (NYSE:HAL), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Halliburton had 15 analyst reports since May 24, 2018 according to SRatingsIntel. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, October 23. Credit Suisse maintained it with “Outperform” rating and $46 target in Tuesday, October 23 report. Wells Fargo maintained Halliburton Company (NYSE:HAL) on Wednesday, October 3 with “Outperform” rating. Societe Generale downgraded the stock to “Hold” rating in Friday, October 12 report. As per Tuesday, July 24, the company rating was maintained by Raymond James. Cleveland downgraded Halliburton Company (NYSE:HAL) on Thursday, October 18 to “Neutral” rating. JP Morgan maintained the shares of HAL in report on Monday, September 17 with “Overweight” rating. The stock has “Market Perform” rating by Cowen & Co on Tuesday, July 24. The rating was maintained by Wells Fargo with “Buy” on Thursday, May 24. The firm has “Buy” rating by Citigroup given on Monday, June 25.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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