General Motors Co (GM) Market Value Declined While Benchmark Capital Advisors Decreased Stake by $492,000; Impala Asset Management Trimmed Halliburton Co (HAL) Position by $5.60 Million

February 15, 2018 - By Nellie Frank

Robert Bishop decreased its stake in Halliburton Co (HAL) by 21.24% based on its latest 2017Q3 regulatory filing with the SEC. Impala Asset Management Llc sold 121,787 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund run by Robert Bishop held 451,655 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $20.79M, down from 573,442 at the end of the previous reported quarter. Impala Asset Management Llc who had been investing in Halliburton Co for a number of months, seems to be less bullish one the $41.88 billion market cap company. The stock increased 1.01% or $0.48 during the last trading session, reaching $47.87. About 8.74 million shares traded. Halliburton Company (NYSE:HAL) has risen 19.03% since February 15, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Benchmark Capital Advisors decreased its stake in General Motors Co (GM) by 8.18% based on its latest 2017Q3 regulatory filing with the SEC. Benchmark Capital Advisors sold 12,300 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 138,068 shares of the auto manufacturing company at the end of 2017Q3, valued at $5.58M, down from 150,368 at the end of the previous reported quarter. Benchmark Capital Advisors who had been investing in General Motors Co for a number of months, seems to be less bullish one the $58.91B market cap company. The stock increased 0.45% or $0.19 during the last trading session, reaching $42. About 326,936 shares traded. General Motors Company (NYSE:GM) has risen 7.92% since February 15, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Among 41 analysts covering Halliburton Company (NYSE:HAL), 37 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Halliburton Company had 149 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 20 by Cowen & Co. The firm has “Buy” rating by Tudor Pickering given on Friday, March 24. FBR Capital maintained Halliburton Company (NYSE:HAL) on Thursday, July 21 with “Outperform” rating. Howard Weil maintained it with “Sector Perform” rating and $57 target in Thursday, October 20 report. The stock has “Buy” rating by Seaport Global on Wednesday, January 13. The rating was maintained by DA Davidson with “Buy” on Thursday, October 20. The rating was upgraded by Societe Generale on Monday, October 3 to “Buy”. FBR Capital maintained Halliburton Company (NYSE:HAL) rating on Monday, January 9. FBR Capital has “Outperform” rating and $69 target. The stock has “Buy” rating by RBC Capital Markets on Friday, June 23. Bernstein maintained the shares of HAL in report on Friday, May 5 with “Buy” rating.

Since September 5, 2017, it had 0 insider purchases, and 11 insider sales for $10.10 million activity. McKeon Timothy also sold $251,835 worth of Halliburton Company (NYSE:HAL) on Monday, January 22. $151,459 worth of Halliburton Company (NYSE:HAL) shares were sold by Beaty Anne L.. Shares for $1.45 million were sold by Carre Eric on Friday, January 5. Another trade for 5,953 shares valued at $297,650 was sold by Voyles Robb L.. 43,000 shares valued at $1.71M were sold by Pope Lawrence J on Tuesday, September 5. Brown James S sold $713,475 worth of stock.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.09, from 0.94 in 2017Q2. It turned negative, 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. Causeway Cap Management Limited Co holds 2.67% or 5.16M shares in its portfolio. Hermes Invest Mngmt Ltd reported 7,261 shares. Whittier Trust Communication Of Nevada accumulated 6,468 shares or 0.03% of the stock. 600 are owned by Liberty. Moreover, Mackay Shields Ltd has 0.32% invested in Halliburton Company (NYSE:HAL) for 186,718 shares. Summit Fincl Wealth Advsrs Ltd Liability Company holds 0.23% of its portfolio in Halliburton Company (NYSE:HAL) for 13,500 shares. Mutual Of America Capital Mngmt Ltd Liability Corporation stated it has 105,393 shares or 0.08% of all its holdings. Fred Alger Inc invested 0.47% in Halliburton Company (NYSE:HAL). Waratah Cap, a Ontario – Canada-based fund reported 170,575 shares. First Personal Services owns 2,098 shares for 0.02% of their portfolio. Bb&T Corporation owns 151,745 shares for 0.14% of their portfolio. Chicago Equity Ltd Liability owns 106,665 shares. Sheets Smith Wealth Management has invested 0.07% in Halliburton Company (NYSE:HAL). National Planning Corp invested in 0.19% or 20,504 shares. Chilton Mngmt Lc holds 0.24% of its portfolio in Halliburton Company (NYSE:HAL) for 53,315 shares.

Impala Asset Management Llc, which manages about $2.53B and $2.24 billion US Long portfolio, upped its stake in Builders Firstsource Inc (NASDAQ:BLDR) by 137,613 shares to 757,595 shares, valued at $13.63 million in 2017Q3, according to the filing. It also increased its holding in D R Horton Inc (NYSE:DHI) by 701,113 shares in the quarter, for a total of 952,631 shares, and has risen its stake in Vale S A (NYSE:VALE).

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company had 90 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 2 by Citigroup. The company was maintained on Friday, September 18 by S&P Research. As per Monday, January 22, the company rating was maintained by RBC Capital Markets. The firm earned “Overweight” rating on Friday, June 10 by Piper Jaffray. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, December 19. The stock has “Hold” rating by Deutsche Bank on Wednesday, October 14. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Bank of America on Tuesday, October 3. Citigroup maintained the stock with “Buy” rating in Monday, May 16 report. The rating was maintained by Jefferies on Monday, October 30 with “Hold”. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Deutsche Bank on Monday, September 25.

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