Institutional Investors Sentiment Indicator of Halliburton Co (NYSE:HAL) Worsens in Q2 2019

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Sentiment for Halliburton Co (NYSE:HAL)

Halliburton Co (NYSE:HAL) institutional sentiment decreased to 0.83 in Q2 2019. Its down -0.27, from 1.1 in 2019Q1. The ratio dropped, as 269 active investment managers started new or increased holdings, while 323 sold and reduced their stock positions in Halliburton Co. The active investment managers in our partner’s database now have: 656.87 million shares, up from 653.08 million shares in 2019Q1. Also, the number of active investment managers holding Halliburton Co in their top 10 holdings decreased from 6 to 3 for a decrease of 3. Sold All: 104 Reduced: 219 Increased: 201 New Position: 68.

Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company has market cap of $17.76 billion. The companyÂ’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment. It has a 13.36 P/E ratio. It also provides completion tools that offer downhole solutions and services, including well completion services and products, intelligent well completions, liner hanger systems, sand control systems, and service tools; pressure control services comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning and maintenance, subsea pipeline, conventional pipeline, and process services.

The stock increased 2.63% or $0.52 during the last trading session, reaching $20.27. About 9.20M shares traded. Halliburton Company (NYSE:HAL) has declined 45.61% since September 13, 2018 and is downtrending. It has underperformed by 45.61% the S&P500.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on October, 21 before the open. They expect $0.37 earnings per share, down 26.00 % or $0.13 from last year’s $0.5 per share. HAL’s profit will be $324.09M for 13.70 P/E if the $0.37 EPS becomes a reality. After $0.35 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts 5.71 % EPS growth.

Energy Opportunities Capital Management Llc holds 6.12% of its portfolio in Halliburton Company for 107,931 shares. Covalent Partners Llc owns 134,000 shares or 5.88% of their US portfolio. Moreover, Cambrian Capital Limited Partnership has 3.65% invested in the company for 87,201 shares. The New York-based Pzena Investment Management Llc has invested 2.83% in the stock. Sanders Capital Llc, a New York-based fund reported 23.93 million shares.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $154,800 activity.

Halliburton Company (NYSE:HAL) Ratings Coverage

Ratings analysis reveals 100% of Halliburton’s analysts are positive. Out of 6 Wall Street analysts rating Halliburton, 6 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2300 while the high is $3600. The stock’s average target of $28.33 is 39.76% above today’s ($20.27) share price. HAL was included in 11 notes of analysts from March 21, 2019. The stock of Halliburton Company (NYSE:HAL) has “Overweight” rating given on Tuesday, April 9 by Barclays Capital. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by Bank of America on Thursday, September 5. Barclays Capital maintained the shares of HAL in report on Tuesday, July 23 with “Overweight” rating. The stock of Halliburton Company (NYSE:HAL) has “Outperform” rating given on Tuesday, July 23 by Credit Suisse. Morgan Stanley maintained the shares of HAL in report on Friday, July 12 with “Overweight” rating. The company was maintained on Friday, September 6 by Citigroup. On Thursday, September 12 the stock rating was maintained by Wells Fargo with “Outperform”.

More notable recent Halliburton Company (NYSE:HAL) news were published by: Businesswire.com which released: “Halliburton 2019 Third Quarter Conference Call – Business Wire” on August 28, 2019, also Finance.Yahoo.com with their article: “Stocks – Wall Street Flat; Energy, Financial Stocks Vs. Tech Softness – Yahoo Finance” published on September 09, 2019, Investorplace.com published: “7 Cheap Energy Stocks to Buy as the Sector Lights Up – Investorplace.com” on September 09, 2019. More interesting news about Halliburton Company (NYSE:HAL) were released by: Seekingalpha.com and their article: “Looming sanctions deadline set to whack Venezuela’s dwindling oil rig fleet – Seeking Alpha” published on August 22, 2019 as well as Finance.Yahoo.com‘s news article titled: “Imagine Owning Halliburton (NYSE:HAL) While The Price Tanked 69% – Yahoo Finance” with publication date: July 17, 2019.

Halliburton Company (NYSE:HAL) Institutional Positions Chart

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