Dynamic Capital Management LTD Lifted Position in Halliburton Co (HAL)

July 18, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.24, from 0.88 in 2016Q3. It improved, 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. Amarillo Retail Bank holds 0.21% or 10,445 shares. Fcm Tx accumulated 1,900 shares. Barclays Plc reported 0.04% stake. State Board Of Administration Of Florida Retirement System accumulated 1.25 million shares. Adirondack Trust accumulated 635 shares or 0.02% of the stock. Aqr Capital Mngmt Lc reported 0.03% stake. 130,489 are held by Cushing Asset L P. 29,660 were accumulated by Pictet Bancshares & Tru. Brick And Kyle Assoc owns 300 shares or 0.01% of their US portfolio. Capital One Natl Association has 0.05% invested in Halliburton Company (NYSE:HAL) for 12,224 shares. Bluecrest Mgmt Ltd has 0.9% invested in Halliburton Company (NYSE:HAL) for 303,218 shares. Aristotle Cap Limited Liability Com has 2.14% invested in Halliburton Company (NYSE:HAL) for 3.90M shares. Leavell Management, a Alabama-based fund reported 9,486 shares. Chilton Capital Mngmt Lc accumulated 54,440 shares. Advisor Ltd Llc has 0.2% invested in Halliburton Company (NYSE:HAL).

Since January 26, 2017, it had 2 buys, and 5 selling transactions for $4.40 million activity. The insider Jones Myrtle L sold 874 shares worth $50,728. 89,300 shares were sold by MCCOLLUM MARK A, worth $4.76 million. 725 shares were sold by Miller Jeffrey Allen, worth $36,453 on Wednesday, April 5. Another trade for 5,390 shares valued at $307,817 was bought by GERBER MURRY.

Dynamic Capital Management Ltd increased its stake in Halliburton Co (HAL) by 171.7% based on its latest 2016Q4 regulatory filing with the SEC. Dynamic Capital Management Ltd bought 247,746 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund held 392,032 shares of the oilfield services and equipment company at the end of 2016Q4, valued at $21.21 million, up from 144,286 at the end of the previous reported quarter. Dynamic Capital Management Ltd who had been investing in Halliburton Co for a number of months, seems to be bullish on the $38.19B market cap company. The stock rose 0.97% or $0.43 reaching $44.54 per share. About 17 shares traded. Halliburton Company (NYSE:HAL) has risen 19.03% since July 18, 2016 and is uptrending. It has outperformed by 2.33% the S&P500.

Dynamic Capital Management Ltd, which manages about $932.59M and $935.43M US Long portfolio, decreased its stake in Rite Aid Corp (NYSE:RAD) by 951,883 shares to 398,916 shares, valued at $3.29M in 2016Q4, according to the filing. It also reduced its holding in Ball Corp (NYSE:BLL) by 80,186 shares in the quarter, leaving it with 28,114 shares, and cut its stake in Best Buy Inc (NYSE:BBY).

More notable recent Halliburton Company (NYSE:HAL) news were published by: Chron.com which released: “Halliburton hiring 100 per month to meet Texas fracking demand” on July 10, 2017, also Upi.com with their article: “Halliburton acquires pumping service company” published on July 06, 2017, Nasdaq.com published: “Halliburton Increases Recruitment as Fracking Demand Rises” on July 11, 2017. More interesting news about Halliburton Company (NYSE:HAL) were released by: Nytimes.com and their article: “Exclusive-Halliburton in Talks to Buy Billionaire Kaiser’s Equipment Firm: Sources” published on June 28, 2017 as well as Reuters.com‘s news article titled: “Halliburton buys Summit ESP to strengthen artificial lift business” with publication date: July 05, 2017.

Halliburton Company (NYSE:HAL) Ratings Coverage

Among 36 analysts covering Halliburton Company (NYSE:HAL), 31 have Buy rating, 0 Sell and 5 Hold. Therefore 86% are positive. Halliburton Company had 110 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Loop Capital on Thursday, October 20. UBS maintained it with “Buy” rating and $45 target in Tuesday, January 26 report. The rating was maintained by Howard Weil on Thursday, October 20 with “Sector Perform”. The rating was downgraded by HSBC on Tuesday, January 26 to “Hold”. Bernstein maintained Halliburton Company (NYSE:HAL) on Friday, May 5 with “Buy” rating. The firm has “Neutral” rating by Guggenheim given on Tuesday, June 27. The stock of Halliburton Company (NYSE:HAL) has “Overweight” rating given on Tuesday, January 5 by KeyBanc Capital Markets. The company was maintained on Monday, May 16 by Citigroup. HSBC upgraded the shares of HAL in report on Saturday, September 5 to “Buy” rating. The stock of Halliburton Company (NYSE:HAL) has “Overweight” rating given on Monday, March 28 by Barclays Capital.

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