As Halliburton Co (HAL) Stock Price Declined, John G Ullman & Associates INC Has Lifted Position by $3.33 Million

November 10, 2018 - By Adrian Erickson

Halliburton Company (NYSE:HAL) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 0.09, from 1.01 in 2018Q1. It fall, 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. Torch Wealth Management Ltd Limited Liability Company has 0.61% invested in Halliburton Company (NYSE:HAL) for 21,470 shares. Parkside Finance State Bank & Tru, a Missouri-based fund reported 1,873 shares. Miller Howard Invs Ny has 67,392 shares for 0.07% of their portfolio. Moreover, Kessler Inv Ltd Liability has 0% invested in Halliburton Company (NYSE:HAL). Invsts holds 0.27% or 5.32M shares. Advsrs Asset reported 1.18 million shares stake. Duff & Phelps Invest Mgmt invested in 9,140 shares. Private Advisor Gru Llc reported 0.01% stake. State Of Alaska Department Of Revenue stated it has 139,879 shares or 0.11% of all its holdings. Toronto Dominion Retail Bank invested in 687,228 shares. Ing Groep Nv has 36,754 shares for 0.03% of their portfolio. Argyle Capital Mngmt Inc reported 0.94% stake. Assets Investment Mngmt Ltd Liability Com reported 0.4% of its portfolio in Halliburton Company (NYSE:HAL). Lee Danner And Bass accumulated 227,107 shares or 0.99% of the stock. Lafitte Cap Mngmt Ltd Partnership invested in 5.13% or 300,000 shares.

Since September 20, 2018, it had 0 buys, and 1 insider 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 9.36 million 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: “Halliburton: We’re Almost There” on October 30, 2018, also Fool.com with their article: “Why These Top Oilfield Services Stocks Dropped More Than 14% in October” published on November 10, 2018, Seekingalpha.com published: “Halliburton: Look Out Below” on October 20, 2018. More interesting news about Halliburton Company (NYSE:HAL) were released by: Seekingalpha.com and their article: “Two Precious Investing Lessons From Halliburton” published on October 25, 2018 as well as Seekingalpha.com‘s news article titled: “Halliburton: The Writing Was On The Wall” with publication date: October 22, 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 Credit Suisse given on Tuesday, July 24. Cleveland downgraded the shares of HAL in report on Thursday, October 18 to “Neutral” rating. JP Morgan maintained it with “Overweight” rating and $60 target in Monday, September 17 report. Wells Fargo maintained Halliburton Company (NYSE:HAL) rating on Thursday, May 24. Wells Fargo has “Buy” rating and $6500 target. Credit Suisse maintained it with “Outperform” rating and $46 target in Tuesday, October 23 report. The stock of Halliburton Company (NYSE:HAL) has “Market Perform” rating given on Tuesday, July 24 by Cowen & Co. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, October 23. The firm earned “Strong Buy” rating on Tuesday, July 24 by Raymond James. The rating was maintained by Wells Fargo on Wednesday, October 3 with “Outperform”. Citigroup maintained Halliburton Company (NYSE:HAL) rating on Monday, June 25. Citigroup has “Buy” rating and $53 target.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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