The Mackenzie Financial Corp has cut its stake in the Halliburton company. However, Halliburton's upcoming US$0.17 dividend and dual listing on the NYSE Texas has garnered a lot of attention. Multiple companies have started buying shares of Halliburton including 111 Capital and Janet Weiss, despite the stock experiencing erratic price movements. Jefferies Financial Group Inc ventured into a $4.38 million position in Halliburton Company while different entities like Man Group plc, Woodline Partners LP, and Neo Ivy Capital Management have also invested heavily in Halliburton. The firm is attracting financial giants with cash-rich potential for investments. However, Halliburton’s stock has seen fluctuations, leading commentators like Jim Cramer to call it ‘beaten down’. News around Halliburton's groundbreaking electric fracking technology has also raised eyebrows. Long-term investment remains a point of analysis as the company continues to navigate through revenue declines, while securing crucial contracts like the one with Petrobras.
Halliburton Company HAL News Analytics from Thu, 17 Oct 2024 07:00:00 GMT to Sat, 31 May 2025 12:37:47 GMT - Rating 5 - Innovation 2 - Information 7 - Rumor 1
