As Halliburton Co (HAL) Stock Declined, Telemark Asset Management LLC Has Raised by $10.80 Million Its Position

September 17, 2017 - By Darrin Black

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.24, from 0.88 in 2016Q3. It is positive, as 64 investors sold HAL shares while 301 reduced holdings. 125 funds opened positions while 283 raised stakes. 680.96 million shares or 2.31% more from 665.59 million shares in 2016Q3 were reported. Nuveen Asset Mngmt Ltd Liability has 254,197 shares for 0.07% of their portfolio. 75,450 are held by Blume Capital Mgmt Inc. Intact, Ontario – Canada-based fund reported 6,700 shares. Pacad Investment holds 0.84% or 122,649 shares in its portfolio. Cornerstone Mngmt Holdg Ltd, a New York-based fund reported 177,293 shares. Mariner Wealth Advsr Ltd Liability reported 4,389 shares stake. Cls Limited Liability Corporation reported 73 shares. Ww Asset Mgmt Inc holds 0.17% or 84,660 shares in its portfolio. Strategic Fincl Ser accumulated 6,420 shares or 0.07% of the stock. Condor Cap Mngmt, New Jersey-based fund reported 16,952 shares. Delta Cap Mngmt Limited Liability Co invested in 58,521 shares. State Treasurer State Of Michigan stated it has 0.12% in Halliburton Company (NYSE:HAL). Blackrock Investment Mgmt Ltd Liability Corporation has 2.42M shares. Principal Fincl Grp Inc has invested 0.08% in Halliburton Company (NYSE:HAL). Jpmorgan Chase owns 4.87 million shares for 0.06% of their portfolio.

Since April 5, 2017, it had 1 buying transaction, and 1 sale for $334,155 activity. $36,453 worth of Halliburton Company (NYSE:HAL) shares were sold by Miller Jeffrey Allen. On Monday, May 15 the insider Albrecht William E bought $370,608.

Telemark Asset Management Llc increased its stake in Halliburton Co (HAL) by 400% based on its latest 2016Q4 regulatory filing with the SEC. Telemark Asset Management Llc bought 200,000 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund held 250,000 shares of the oilfield services and equipment company at the end of 2016Q4, valued at $13.52 million, up from 50,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Halliburton Co for a number of months, seems to be bullish on the $36.88 billion market cap company. The stock increased 0.31% or $0.13 on September 15, reaching $42.31. About 8.17 million shares traded or 4.61% up from the average. Halliburton Company (NYSE:HAL) has risen 19.03% since September 17, 2016 and is uptrending. It has outperformed by 2.33% the S&P500.

Telemark Asset Management Llc, which manages about $460.03M and $458.24 million US Long portfolio, decreased its stake in Wayfair Inc (NYSE:W) by 140,000 shares to 560,000 shares, valued at $19.63 million in 2016Q4, according to the filing. It also reduced its holding in Concho Res Inc (NYSE:CXO) by 110,000 shares in the quarter, leaving it with 70,000 shares, and cut its stake in Amazon.Com Inc (NASDAQ:AMZN).

More notable recent Halliburton Company (NYSE:HAL) news were published by: Nasdaq.com which released: “Halliburton Company (HAL) Ex-Dividend Date Scheduled for September 01, 2017” on August 31, 2017, also Nasdaq.com with their article: “Halliburton (HAL) Shares Enter Oversold Territory” published on August 28, 2017, Nasdaq.com published: “Halliburton Company (HAL) Ex-Dividend Date Scheduled for September 05, 2017” on September 01, 2017. More interesting news about Halliburton Company (NYSE:HAL) were released by: Barrons.com and their article: “Microsoft No Longer a PC Company with Deals Like Halliburton, Says Credit Suisse” published on August 22, 2017 as well as Bloomberg.com‘s news article titled: “Venezuela’s IOUs Pile Up, Keeping US Oil Servicers in Tow” with publication date: August 23, 2017.

Halliburton Company (NYSE:HAL) Ratings Coverage

Among 37 analysts covering Halliburton Company (NYSE:HAL), 33 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Halliburton Company has $70 highest and $16 lowest target. $50.76’s average target is 19.97% above currents $42.31 stock price. Halliburton Company had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bernstein given on Friday, May 5. Tudor Pickering initiated the stock with “Buy” rating in Friday, March 24 report. The rating was maintained by Nomura with “Buy” on Thursday, July 21. The stock has “Buy” rating by Zacks on Tuesday, August 11. DA Davidson maintained Halliburton Company (NYSE:HAL) on Thursday, October 20 with “Buy” rating. On Monday, May 29 the stock rating was maintained by Jefferies with “Buy”. Argus Research maintained Halliburton Company (NYSE:HAL) rating on Thursday, May 19. Argus Research has “Buy” rating and $48 target. The company was maintained on Wednesday, June 28 by FBR Capital. Suntrust Robinson initiated the stock with “Buy” rating in Wednesday, January 18 report. Piper Jaffray maintained it with “Buy” rating and $5300 target in Monday, July 24 report.

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