Nikko Asset Management Americas INC Has Boosted Halliburton Co (HAL) Stake by $5.72 Million

December 8, 2017 - By Darrin Black

Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.14, from 1.08 in 2017Q1. It dropped, as 96 investors sold HAL shares while 307 reduced holdings. 77 funds opened positions while 301 raised stakes. 681.00 million shares or 0.74% more from 675.98 million shares in 2017Q1 were reported. 384,387 are held by Ci. Standard Life Invests Limited reported 7.40M shares. Tokio Marine Asset Mgmt Comm holds 31,643 shares or 0.19% of its portfolio. Invest Mgmt Of Virginia Limited Liability has 0.44% invested in Halliburton Company (NYSE:HAL) for 42,629 shares. Diligent Invsts Ltd Limited Liability Company holds 0.34% of its portfolio in Halliburton Company (NYSE:HAL) for 11,124 shares. Dreman Value Mngmt L L C accumulated 64 shares. Sumitomo Life Insur Com reported 28,090 shares. Eaton Vance Mgmt holds 4.98 million shares. Checchi Capital Advisers Limited Company reported 0.03% stake. 6,606 were reported by Comerica Secs. Chevy Chase Tru has 750,794 shares. Ontario Teachers Pension Plan Board holds 9,181 shares or 0% of its portfolio. Comml Bank Of New York Mellon owns 12.07M shares. Wedge Cap Mngmt L Lp Nc has invested 0.12% of its portfolio in Halliburton Company (NYSE:HAL). Tudor Et Al reported 0.03% of its portfolio in Halliburton Company (NYSE:HAL).

Nikko Asset Management Americas Inc increased its stake in Halliburton Co (HAL) by 23.41% based on its latest 2017Q2 regulatory filing with the SEC. Nikko Asset Management Americas Inc bought 136,300 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 718,500 shares of the oilfield services and equipment company at the end of 2017Q2, valued at $30.69 million, up from 582,200 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Halliburton Co for a number of months, seems to be bullish on the $37.92B market cap company. The stock increased 0.18% or $0.08 during the last trading session, reaching $43.46. About 6.27M shares traded. Halliburton Company (NYSE:HAL) has risen 19.03% since December 8, 2016 and is uptrending. It has outperformed by 2.33% the S&P500.

Nikko Asset Management Americas Inc, which manages about $3.82B and $1.68 billion US Long portfolio, decreased its stake in Rds/A Us by 68,300 shares to 726,950 shares, valued at $38.67M in 2017Q2, according to the filing.

More recent Halliburton Company (NYSE:HAL) news were published by: Twst.com which released: “Halliburton Company: Halliburton 2017 Fourth Quarter Conference Call” on December 04, 2017. Also Nasdaq.com published the news titled: “Halliburton Company (HAL) Ex-Dividend Date Scheduled for December 06, 2017” on December 05, 2017. Bizjournals.com‘s news article titled: “Meet Halliburton’s new CFO who’s tasked with reducing debt for the oil field …” with publication date: December 07, 2017 was also an interesting one.

Halliburton Company (NYSE:HAL) Ratings Coverage

Among 38 analysts covering Halliburton Company (NYSE:HAL), 34 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Halliburton Company had 131 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, October 13 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Monday, April 25, the company rating was maintained by Citigroup. Howard Weil maintained the shares of HAL in report on Thursday, October 20 with “Sector Perform” rating. JP Morgan maintained Halliburton Company (NYSE:HAL) rating on Tuesday, September 12. JP Morgan has “Overweight” rating and $55 target. The stock of Halliburton Company (NYSE:HAL) has “Outperform” rating given on Tuesday, May 17 by FBR Capital. The rating was maintained by Jefferies with “Buy” on Monday, May 29. As per Friday, December 2, the company rating was initiated by Bernstein. Cowen & Co maintained the shares of HAL in report on Wednesday, April 26 with “Market Perform” rating. HSBC upgraded the stock to “Buy” rating in Saturday, September 5 report. FBR Capital maintained the shares of HAL in report on Wednesday, June 28 with “Buy” rating.

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