Cibc World Markets Corp Decreases Stake in Halliburton Company (NYSE:HAL)

Institutional Ownership by Quarter for Halliburton Company
Featured Stock Overview: Halliburton Company (HAL)
Author

04 July, 2017

The institutional investor owned 42,619 shares of the oilfield services company's stock after selling 3,283 shares during the period.

More notable recent Halliburton Company (NYSE:HAL) news were published by: Forbes.com which released: "Here's Why We Revised Our Price Estimate For Halliburton" on June 05, 2017, also Theguardian.com with their article: "US oil firm Halliburton branded "obscene" over unpaid United Kingdom internships" published on June 07, 2017, Chron.com published: "Halliburton taps Houston drilling exec for CFO" on June 12, 2017. Hedge funds and other institutional investors own 79.48% of the company's stock. Fund Evaluation Group LLC now owns 4,406 shares of the oilfield services company's stock valued at $217,000 after buying an additional 16 shares during the last quarter. Meiji Yasuda Life Insurance Co now owns 22,673 shares of the oilfield services company's stock worth $1,116,000 after buying an additional 5,600 shares in the last quarter. Swiss National Bank boosted its position in Halliburton Company by 27.7% in the first quarter. Davidson Garrard owns 0.35% invested in Halliburton Company (NYSE:HAL) for 26,007 shares. Putnam Investments LLC boosted its position in Halliburton Company by 183.6% in the fourth quarter. The Prentiss Smith & Co Inc holds 172,528 shares with $8.86M value, down from 196,445 last quarter. Israel Discount Bank of New York GFN acquired a new stake in shares of Halliburton Company during the fourth quarter worth $100,000. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company's stock valued at $142,000 after buying an additional 35 shares during the last quarter.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Halliburton Company (HAL) stands at -8.54 while the industry's and the sector's growth for next 5 years ticked at 0.87 and -8.02 respectively. The stock go down so far this year; showing a decline of -19.17% and added with positive flow of 4.84% during recent week.

Symantec Corporation (NASDAQ:SYMC) has a market cap of $17.07 billion and over the last 12 months, SYMC has risen by 37.54%. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.33% where SMA50 and SMA200 are -5.48% and -13.48% respectively. The company rocked its 52-Week High of $58.78 and touched its 52-Week Low of $40.12. Contravisory Investment Mgmt has invested 0% in Halliburton Company (NYSE:HAL). After having $0.04 EPS previously, Halliburton Company's analysts see 325.00% EPS growth.

Halliburton Company closed its last trading session at $42.42 with the gain of 0.68%.

In case of Revenue Estimates, 26 analysts have provided their consensus Average Revenue Estimates for Halliburton Company as 4.84 Billion.

While looking at the Stock's Performance, Halliburton Company now shows a Weekly Performance of 2.92%, where Monthly Performance is -6.11%, Quarterly performance is -13.21%, 6 Months performance is -20.97% and yearly performance percentage is -5.7%. During the same quarter in the prior year, the company posted $0.07 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Montecito Bancorporation invested in 2,000 shares or 0.04% of the stock. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.65%.

TRADEMARK VIOLATION NOTICE: This article was published by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & worldwide copyright & trademark laws. That's a potential 38.21 increase relative to where Halliburton Company (NYSE:HAL) has been trading recently. BMO Capital Markets set a $67.00 price target on Halliburton Company and gave the stock a "buy" rating in a research report on Wednesday, April 12th. Vetr raised Halliburton Company from a "buy" rating to a "strong-buy" rating and set a $63.20 price target on the stock in a research report on Monday, February 13th. Loop Capital restated a "buy" rating on shares of Halliburton Company in a research report on Monday. Guggenheim cut Halliburton Company from a "buy" rating to a "neutral" rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock.

Market Capitalization can be thought of as the overall price to buy the company.

In related news, Director William E. Albrecht acquired 8,000 shares of the stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $46.33 per share, with a total value of $370,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Miller Jeffrey Allen sold $36,453 worth of stock or 725 shares.

The average 1-year price target for Halliburton Company (HAL) - averaging the work of different analysts - reveals a mean PT of $59.03/share. Following the completion of the sale, the director now directly owns 299,777 shares in the company, valued at $15,072,787.56. The disclosure for this sale can be found here. The stock increased 2.36% or $1.01 during the last trading session, reaching $43.72.


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