Cacti Asset Management Stake In Halliburton Co (HAL) Was Boosted; Marathon Asset Management LP Has Trimmed Its Hess (HES) Position by $56.88 Million as Stock Declined

January 14, 2018 - By whatsonthorold

Cacti Asset Management Llc increased its stake in Halliburton Co (HAL) by 13.68% based on its latest 2017Q3 regulatory filing with the SEC. Cacti Asset Management Llc bought 96,814 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 804,430 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $36.67M, up from 707,616 at the end of the previous reported quarter. Cacti Asset Management Llc who had been investing in Halliburton Co for a number of months, seems to be bullish on the $46.37 billion market cap company. The stock decreased 0.36% or $0.19 during the last trading session, reaching $53.14. About 9.03 million shares traded or 8.15% up from the average. Halliburton Company (NYSE:HAL) has risen 19.03% since January 14, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Marathon Asset Management Lp decreased its stake in Hess Corp (HES) by 98.93% based on its latest 2017Q3 regulatory filing with the SEC. Marathon Asset Management Lp sold 1.24M shares as the company’s stock declined 5.45% while stock markets rallied. The institutional investor held 13,409 shares of the integrated oil company at the end of 2017Q3, valued at $629,000, down from 1.25M at the end of the previous reported quarter. Marathon Asset Management Lp who had been investing in Hess Corp for a number of months, seems to be less bullish one the $17.33B market cap company. The stock decreased 0.33% or $0.18 during the last trading session, reaching $54.54. About 3.68M shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since January 14, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Since August 8, 2017, it had 0 buys, and 3 sales for $873,466 activity. Another trade for 3,873 shares valued at $168,359 was sold by Lowery-Yilmaz Barbara J. $449,927 worth of stock was sold by Hill Gregory P. on Thursday, August 24.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 3 Sell and 10 Hold. Therefore 41% are positive. Hess Corp. had 56 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 5 by Piper Jaffray. The stock has “Hold” rating by Cowen & Co on Sunday, August 20. On Thursday, April 7 the stock rating was maintained by Citigroup with “Neutral”. The stock of Hess Corporation (NYSE:HES) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, October 18. The rating was downgraded by JP Morgan on Thursday, September 14 to “Neutral”. The stock of Hess Corporation (NYSE:HES) earned “Neutral” rating by Citigroup on Tuesday, January 5. JP Morgan upgraded Hess Corporation (NYSE:HES) on Thursday, December 8 to “Overweight” rating. J.P. Morgan downgraded it to “Sell” rating and $44.0 target in Friday, December 15 report. The firm has “Outperform” rating by Wells Fargo given on Friday, May 5. The firm has “Buy” rating given on Tuesday, August 18 by Argus Research.

Marathon Asset Management Lp, which manages about $13.21 billion and $901.99 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 500,000 shares to 1.50M shares, valued at $376.85M in 2017Q3, according to the filing.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.12, from 1 in 2017Q2. It fall, as 43 investors sold HES shares while 162 reduced holdings. 48 funds opened positions while 133 raised stakes. 254.48 million shares or 1.67% more from 250.30 million shares in 2017Q2 were reported. Oregon Public Employees Retirement Fund accumulated 28,819 shares. Brown Advisory Incorporated reported 0.01% of its portfolio in Hess Corporation (NYSE:HES). Cibc Asset stated it has 51,305 shares. Principal Fincl Inc holds 396,168 shares. Everence Mgmt has invested 0.23% in Hess Corporation (NYSE:HES). Hotchkis Wiley Capital Management Limited Liability Corporation holds 1.7% or 9.21M shares in its portfolio. Ny State Common Retirement Fund holds 604,400 shares. First Manhattan Company holds 22,478 shares. Indexiq Advsr Lc has invested 0% of its portfolio in Hess Corporation (NYSE:HES). Ubs Asset Americas Inc has 0.13% invested in Hess Corporation (NYSE:HES) for 3.13M shares. Moreover, Fin Counselors Inc has 0.31% invested in Hess Corporation (NYSE:HES) for 134,819 shares. Michigan-based State Treasurer State Of Michigan has invested 0.03% in Hess Corporation (NYSE:HES). Texas Yale Corp has 7,600 shares for 0.03% of their portfolio. Bluestein R H Communication has invested 0.04% in Hess Corporation (NYSE:HES). Proshare Advsrs Ltd Llc holds 0.02% of its portfolio in Hess Corporation (NYSE:HES) for 54,906 shares.

Analysts await Hess Corporation (NYSE:HES) to report earnings on January, 24. They expect $-1.03 earnings per share, down 1.98% or $0.02 from last year’s $-1.01 per share. After $-1.07 actual earnings per share reported by Hess Corporation for the previous quarter, Wall Street now forecasts -3.74% EPS growth.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.09, from 0.94 in 2017Q2. It dropped, as 84 investors sold HAL shares while 297 reduced holdings. 71 funds opened positions while 254 raised stakes. 679.57 million shares or 0.21% less from 681.00 million shares in 2017Q2 were reported. Ghp Investment Advsrs owns 20,983 shares for 0.15% of their portfolio. The New York-based Jefferies Grp Incorporated Limited Liability Company has invested 0.01% in Halliburton Company (NYSE:HAL). Teachers Retirement Sys Of The State Of Kentucky owns 240,936 shares or 0.13% of their US portfolio. Shine Investment Advisory Service holds 912 shares or 0.02% of its portfolio. Guinness Asset Limited has invested 2.33% in Halliburton Company (NYSE:HAL). Klingenstein Fields And Co Ltd Liability Co holds 0.04% or 19,860 shares in its portfolio. 49,232 were reported by Fincl Bank Pictet Cie (Asia). Planning reported 20,504 shares. Cibc Ww Mkts has invested 1.56% of its portfolio in Halliburton Company (NYSE:HAL). 6,030 are held by Burney. National Asset Mgmt reported 5,027 shares. Parametric Portfolio Associates Limited Co holds 0.12% or 2.29M shares in its portfolio. Moreover, Rampart Inv Ltd Liability Corp has 0.17% invested in Halliburton Company (NYSE:HAL) for 10,695 shares. Sun Life Financial, Ontario – Canada-based fund reported 6,342 shares. Fayez Sarofim Com accumulated 0.01% or 27,354 shares.

Among 39 analysts covering Halliburton Company (NYSE:HAL), 35 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Halliburton Company had 136 analyst reports since July 21, 2015 according to SRatingsIntel. Societe Generale downgraded the shares of HAL in report on Tuesday, July 19 to “Hold” rating. The rating was downgraded by HSBC on Tuesday, January 26 to “Hold”. Argus Research maintained it with “Buy” rating and $56 target in Wednesday, July 22 report. Nomura maintained Halliburton Company (NYSE:HAL) rating on Thursday, July 21. Nomura has “Buy” rating and $53 target. The firm earned “Buy” rating on Thursday, October 20 by Loop Capital. On Thursday, October 22 the stock rating was maintained by Argus Research with “Buy”. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, October 20 report. The rating was initiated by DA Davidson on Friday, February 19 with “Buy”. The company was maintained on Thursday, October 20 by Barclays Capital. The firm has “Buy” rating by Jefferies given on Monday, July 11.

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