Halliburton Company (HAL) Position Reduced by Calamos Advisors LLC

Calamos Advisors LLC lowered its position in Halliburton Company (NYSE:HAL) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 737,984 shares of the oilfield services company’s stock after selling 79,890 shares during the period. Calamos Advisors LLC owned about 0.08% of Halliburton worth $33,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HAL. Bank of Hawaii increased its holdings in Halliburton by 1.4% in the first quarter. Bank of Hawaii now owns 32,995 shares of the oilfield services company’s stock valued at $1,624,000 after buying an additional 465 shares in the last quarter. Arizona State Retirement System increased its holdings in Halliburton by 0.4% in the first quarter. Arizona State Retirement System now owns 214,604 shares of the oilfield services company’s stock valued at $10,561,000 after buying an additional 900 shares in the last quarter. Blair William & Co. IL increased its holdings in Halliburton by 3.3% in the first quarter. Blair William & Co. IL now owns 79,203 shares of the oilfield services company’s stock valued at $4,174,000 after buying an additional 2,556 shares in the last quarter. American International Group Inc. increased its holdings in Halliburton by 0.3% in the first quarter. American International Group Inc. now owns 276,573 shares of the oilfield services company’s stock valued at $13,610,000 after buying an additional 693 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in Halliburton by 0.7% in the first quarter. IFM Investors Pty Ltd now owns 11,069 shares of the oilfield services company’s stock valued at $545,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 79.36% of the company’s stock.

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In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

A number of brokerages have recently weighed in on HAL. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Halliburton in a research note on Wednesday, October 25th. Loop Capital reissued a “buy” rating and set a $57.00 price objective (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Citigroup Inc. dropped their price objective on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday. Finally, TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $57.55.

Halliburton Company (NYSE:HAL) traded up 0.28% on Monday, reaching $42.55. 783,794 shares of the company’s stock traded hands. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The firm’s 50-day moving average is $43.63 and its 200 day moving average is $43.66. The stock’s market capitalization is $37.09 billion.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. Analysts forecast that Halliburton Company will post $1.15 EPS for the current year.

Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural 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 throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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