Halliburton Company (HAL) shares dropped to $29.085 on Dec 6, causing speculation among investors. The company, controlled by
institutional shareholders who own 86% of it, has seen several transactions; HighTower Advisors LLC, Quadrature Capital Ltd, and Integrated Wealth Concepts LLC have acquired shares while Fmr LLC sold some. Despite underperforming compared to competitors, investors like Holocene Advisors LP and Aigen Investment Management LP took positions in Halliburton.
Halliburton's stock has been volatile, with factors like declining oil prices and economic slowdown affecting the shares. However, the company announced a $0.17 per share Q4 2024 dividend, offering a silver lining to its shareholders. Despite encountering a cyberattack that impacted its operations, Halliburton achieved $571M Q3 earnings and $5.7B revenue. Analysts are updating their estimates following these results, signaling potential recovery. Halliburton is making efforts to enhance well performance with the Intelli Suite launch. The company reported resilient international growth in Q3 2024 earnings call amidst challenges. As the company navigates the volatile energy market, investors must consider the impact of these developments before making decisions.
Halliburton Company HAL News Analytics from Tue, 04 Jun 2024 07:00:00 GMT to Sat, 07 Dec 2024 10:48:28 GMT -
Rating -3
- Innovation 3
- Information 7
- Rumor -5
