Shell Asset Management Co Has Trimmed Its Halliburton Co (HAL) Holding as Stock Declined; As Rio Tinto Plc (RIO) Share Price Declined, Ngam Advisors LP Has Increased Position by $1.37 Million

February 15, 2018 - By Ellis Scott

Ngam Advisors Lp increased its stake in Rio Tinto Plc (RIO) by 9.35% based on its latest 2017Q3 regulatory filing with the SEC. Ngam Advisors Lp bought 29,057 shares as the company’s stock declined 9.05% while stock markets rallied. The institutional investor held 339,834 shares of the precious metals company at the end of 2017Q3, valued at $16.04M, up from 310,777 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Rio Tinto Plc for a number of months, seems to be bullish on the $93.31B market cap company. The stock increased 4.18% or $2.33 during the last trading session, reaching $58.04. About 5.44 million shares traded or 92.65% up from the average. Rio Tinto plc (NYSE:RIO) has risen 43.73% since February 15, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

Shell Asset Management Co decreased its stake in Halliburton Co (HAL) by 8.42% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co sold 12,712 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 138,231 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $6.36M, down from 150,943 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Halliburton Co for a number of months, seems to be less bullish one the $41.88B market cap company. The stock increased 1.01% or $0.48 during the last trading session, reaching $47.87. About 8.74M 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.

Since September 5, 2017, it had 0 buys, and 11 insider sales for $10.10 million activity. The insider McKeon Timothy sold $251,835. Beaty Anne L. sold 2,937 shares worth $151,459. Pope Lawrence J also sold $1.71M worth of Halliburton Company (NYSE:HAL) on Tuesday, September 5. 2,301 shares valued at $112,337 were sold by Carre Eric on Tuesday, January 2. $713,475 worth of Halliburton Company (NYSE:HAL) was sold by Brown James S on Monday, January 22. 29,025 Halliburton Company (NYSE:HAL) shares with value of $1.60 million were sold by Miller Jeffrey Allen.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.09, from 0.94 in 2017Q2. It is 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. Ccm Investment Advisers Llc has 1.47% invested in Halliburton Company (NYSE:HAL). Manchester Capital Management Ltd Liability has invested 0% of its portfolio in Halliburton Company (NYSE:HAL). Armstrong Shaw Assocs Ct reported 57,367 shares stake. Channing Management Llc holds 0.35% or 199,851 shares in its portfolio. State Of Tennessee Treasury Department stated it has 0.16% of its portfolio in Halliburton Company (NYSE:HAL). Manufacturers Life Ins Communication The owns 1.32M shares. Bluecrest Capital Mgmt invested 0.36% in Halliburton Company (NYSE:HAL). First Commonwealth Finance Corp Pa accumulated 11,988 shares. Bluefin Trading Ltd, a New York-based fund reported 28,000 shares. Pillar Pacific Mngmt Ltd Liability invested in 0.71% or 119,719 shares. Amg National Tru Commercial Bank accumulated 39,810 shares. Ww Asset Mgmt has invested 0.13% in Halliburton Company (NYSE:HAL). Brown Brothers Harriman & holds 0% or 500 shares. Schwartz Investment Counsel reported 0.05% stake. Adirondack Tru Company invested in 0.02% or 600 shares.

Shell Asset Management Co, which manages about $4.50B US Long portfolio, upped its stake in United Contl Hldgs Inc (NYSE:UAL) by 8,548 shares to 12,126 shares, valued at $738,000 in 2017Q3, according to the filing. It also increased its holding in Schein Henry Inc (NASDAQ:HSIC) by 37,842 shares in the quarter, for a total of 78,465 shares, and has risen its stake in Paypal Hldgs Inc.

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 Tuesday, January 23 by Cowen & Co. The stock of Halliburton Company (NYSE:HAL) earned “Buy” rating by Bernstein on Friday, May 5. The firm has “Buy” rating by Credit Suisse given on Tuesday, January 23. As per Thursday, October 20, the company rating was maintained by Goldman Sachs. FBR Capital maintained Halliburton Company (NYSE:HAL) on Wednesday, February 22 with “Outperform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, December 21 report. The stock has “Buy” rating by J.P. Morgan on Tuesday, January 23. The stock of Halliburton Company (NYSE:HAL) has “Buy” rating given on Thursday, March 23 by Scotia Capital. Guggenheim upgraded the stock to “Buy” rating in Monday, January 22 report. The firm has “Buy” rating given on Monday, October 3 by Societe Generale.

Ngam Advisors Lp, which manages about $16.78 billion and $9.47B US Long portfolio, decreased its stake in Bemis Inc (NYSE:BMS) by 32,189 shares to 30,709 shares, valued at $1.40 million in 2017Q3, according to the filing. It also reduced its holding in Silgan Holdings Inc (NASDAQ:SLGN) by 29,360 shares in the quarter, leaving it with 72,717 shares, and cut its stake in Prosperity Bancshares Inc (NYSE:PB).

Among 21 analysts covering Rio Tinto (NYSE:RIO), 11 have Buy rating, 3 Sell and 7 Hold. Therefore 52% are positive. Rio Tinto had 48 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Rio Tinto plc (NYSE:RIO) has “Neutral” rating given on Tuesday, June 7 by Citigroup. CLSA upgraded the stock to “Buy” rating in Friday, April 7 report. The firm has “Sell” rating by Citigroup given on Monday, April 18. The stock has “Buy” rating by Jefferies on Thursday, August 17. Jefferies maintained it with “Buy” rating and $4600 target in Tuesday, June 20 report. Jefferies maintained the shares of RIO in report on Friday, July 14 with “Buy” rating. The rating was downgraded by CLSA on Thursday, April 14 to “Underperform”. The firm earned “Neutral” rating on Monday, December 5 by Citigroup. The stock of Rio Tinto plc (NYSE:RIO) has “Market Perform” rating given on Thursday, November 10 by Cowen & Co. The rating was maintained by Cowen & Co on Tuesday, May 3 with “Market Perform”.

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