Halliburton Company (HAL) Shares Sold by Exane Derivatives

Halliburton Company (HAL) Shares Sold by Exane Derivatives”

Halliburton Company (NYSE:HAL) issued its quarterly earnings results on Monday.

GAAP operating income totaled $634 million, up from $128 million past year and up from $146 million in the second quarter, when the company wrote down $262 million associated with a fair market value adjustment related to Venezuela.

Traders are a little more bearish on Halliburton Company recently as indicated by the change in short interest.

07/18/2017 - Halliburton Company had its "buy" rating reiterated by analysts at Goldman Sachs. FineMark National Bank & Trust raised its position in shares of Halliburton Company by 3.2% in the third quarter. Hanson McClain Inc. now owns 4,513 shares of the oilfield services company's stock worth $222,000 after buying an additional 34 shares in the last quarter. However, the institutional investors are observed to own 81.80% of the total shares.

Halliburton Company (NYSE:HAL) touched its 1-Year High price of $58.78 on 01/26/17 and its 1-Year Low price of $38.18 on 08/18/17. About 10.52M shares traded or 30.36% up from the average. The stock's 50-day moving average price is $43.52 and its 200-day moving average price is $43.95.

The results were primarily driven by "continued strengthening of market conditions in North America and improved profitability in the company's drilling and evaluations product lines", it said. The stock of Halliburton Company (NYSE:HAL) earned "Hold" rating by Cowen & Co on Wednesday, August 30.

Among 37 analysts covering Halliburton Company (NYSE:HAL), 33 have Buy rating, 0 Sell and 4 Hold. The business had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. Private Advisor Group Inc Limited Liability has invested 0.02% in Halliburton Company (NYSE:HAL).

Halliburton's well completion and production segment posted operating income of $525 million in the third quarter, compared with an operating profit of $397 million in the second quarter and profit of $24 million in the third quarter of a year ago. As of quarter end Oakbrook Investments LLC had disposed of a total of 100 shares trimming its holdings by 0.3%. During the same quarter previous year, the firm earned $0.01 earnings per share. Shareholders of record on Wednesday, December 7th were paid a dividend of $0.18 per share. Appleton Partners Inc. MA lifted its holdings in shares of Halliburton by 0.4% in the second quarter. This dividend amount was represent a yield of $1.61.

Osterweis Capital Management Inc increased Halliburton Co (HAL) stake by 89.59% reported in 2017Q2 SEC filing.

September 12 investment analysts at JP Morgan made no change to the company rating of "Overweight" but lowered the price expectation from $56.00 to $55.00. On Monday, October 5 the stock rating was maintained by Citigroup with "Buy". Finally, Loop Capital reiterated a "buy" rating on shares of Halliburton in a research note on Monday, July 3rd.

09/05/2017 - Halliburton Company had its "outperform" rating reiterated by analysts at Sanford C. Bernstein. They issued an "outperform" rating and a $64.00 price objective on the stock. (NYSE:VTR), 1 have Buy rating, 3 Sell and 12 Hold. The stock now has a consensus rating of "Buy" and an average price target of $57.90.

In related news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. It also reduced Teva Pharmaceuticals Inds Ltd (NYSE:TEVA) stake by 150 shares and now owns 240 shares. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Wealth Enhancement Advisory Lc invested 0.07% of its portfolio in Halliburton Company (NYSE:HAL). The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure, drill and optimize their well construction activities. It fall, as 96 investors sold HAL shares while 307 reduced holdings.

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