The stock of Halliburton Company (NYSE:HAL) is a huge mover today! About 8.35M shares traded hands or 0.36% up from the average. Halliburton Company (NYSE:HAL) has risen 32.70% since March 16, 2016 and is uptrending. It has outperformed by 27.16% the S&P500.
The move comes after 8 months positive chart setup for the $43.17B company. It was reported on Oct, 19 by Barchart.com. We have $67.09 PT which if reached, will make NYSE:HAL worth $15.54B more.
Halliburton Company (NYSE:HAL) Ratings Coverage
Out of 27 analysts covering Halliburton Company (NYSE:HAL), 23 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 85% are positive. Halliburton Company has been the topic of 77 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Saturday, August 22 by Evercore. UBS maintained the stock with “Buy” rating in Tuesday, January 26 report. On Tuesday, August 11 the stock rating was downgraded by Vetr to “Strong-Buy”. As per Tuesday, May 17, the company rating was upgraded by FBR Capital. The company was maintained on Tuesday, January 26 by Susquehanna. Howard Weil maintained the stock with “Sector Perform” rating in Wednesday, January 27 report. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, January 26 report. The rating was downgraded by Societe Generale to “Hold” on Tuesday, July 19. The stock of Halliburton Company (NYSE:HAL) earned “Outperform” rating by FBR Capital on Friday, October 14. Argus Research maintained Halliburton Company (NYSE:HAL) rating on Tuesday, February 16. Argus Research has “Hold” rating and $38 price target.
According to Zacks Investment Research, “Halliburton is one of the world’s largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.”
Insitutional Activity: The institutional sentiment increased to 0.85 in Q2 2016. Its up 0.06, from 0.79 in 2016Q1. The ratio increased, as 74 funds sold all Halliburton Company shares owned while 330 reduced positions. 95 funds bought stakes while 250 increased positions. They now own 672.60 million shares or 0.48% less from 675.85 million shares in 2016Q1.
Sta Wealth Mngmt Llc, a Texas-based fund reported 15,625 shares. One Mngmt last reported 0.58% of its portfolio in the stock. Bb&T Secs Limited Com holds 0.03% or 47,507 shares in its portfolio. Dorsey & Whitney Tru Ltd Limited Liability Company accumulated 0.11% or 10,594 shares. Hexavest last reported 28,713 shares in the company. Moreover, Ifc Hldgs Fl has 0.03% invested in Halliburton Company (NYSE:HAL) for 5,874 shares. Keybank Association Oh holds 0.05% of its portfolio in Halliburton Company (NYSE:HAL) for 166,131 shares. Cornerstone Capital Mngmt Ltd Company has invested 0.09% of its portfolio in Halliburton Company (NYSE:HAL). Argent holds 46,065 shares or 0.65% of its portfolio. Aspen Inv Management has 0.18% invested in the company for 4,930 shares. Art Advsrs Lc, a New York-based fund reported 100,515 shares. Lpl Financial Ltd Liability holds 37,225 shares or 0.01% of its portfolio. Standard Life Invests Ltd accumulated 1.4% or 6.86 million shares. Wharton Business Group Lc, a Pennsylvania-based fund reported 98,010 shares. Ws Mngmt Lllp last reported 197,000 shares in the company.
Insider Transactions: Since May 6, 2016, the stock had 0 insider buys, and 5 selling transactions for $3.83 million net activity. Brown James S sold $175,760 worth of Halliburton Company (NYSE:HAL) on Friday, May 6. Miller Jeffrey Allen sold $889,920 worth of stock or 19,776 shares. The insider Carre Eric sold 10,425 shares worth $421,900.
More notable recent Halliburton Company (NYSE:HAL) news were published by: Nasdaq.com which released: “Earnings Reaction History: Halliburton Company, 50.0% Follow-Through Indicator …” on October 19, 2016, also Upi.com with their article: “Halliburton turns a profit” published on October 19, 2016, Nasdaq.com published: “One Put, One Call Option To Know About for Halliburton Company” on October 17, 2016. More interesting news about Halliburton Company (NYSE:HAL) were released by: Businesswire.com and their article: “Halliburton and U.S. Silica Break Record for Moving Largest Sand Unit Train in …” published on October 13, 2016 as well as Seekingalpha.com‘s news article titled: “Will Animal Spirits Spur Halliburton In Q3?” with publication date: October 16, 2016.
HAL Company Profile
Halliburton Company, incorporated on November 7, 1996, is a well-known provider of services and products to the upstream oil and natural gas industry. The Firm operates through two divisions: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services and products. The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable clients to model, measure, drill, and manage its well construction activities. The Firm operates its business in approximately 80 countries.
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