A Reversal for Halliburton Company Is Not Near. Professional Options Traders Are Bearish

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In today’s session Halliburton Company (HAL) recorded an unusually high (2,696) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2015 put, expecting serious HAL decrease. With 2,696 contracts traded and 914 open interest for the Nov, 15 contract, it seems this is a quite bearish bet. The option with symbol: HAL151120P00037500 closed last at: $0.92 or 4.5% up. The stock decreased 0.21% or $0.08 on November 13, hitting $37.41. About 9.42 million shares traded hands. Halliburton Company (NYSE:HAL) has declined 19.07% since April 14, 2015 and is downtrending. It has underperformed by 15.60% the S&P500.

Out of 18 analysts covering Halliburton Company (NYSE:HAL), 14 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 78% are positive. Halliburton Company was the topic in 33 analyst reports since July 21, 2015 according to StockzIntelligence Inc.

The institutional sentiment increased to 0.96 in Q2 2015. Its up 0.02, from 0.94 in 2015Q1. The ratio increased, as 75 funds sold all Halliburton Company shares owned while 363 reduced positions. 103 funds bought stakes while 317 increased positions. They now own 660.61 million shares or 50.20% less from 1.33 billion shares in 2015Q1.

Segantii Capital Management Ltd holds 40.61% of its portfolio in Halliburton Company for 1.06 million shares. Energy Opportunities Capital Management Llc owns 914,971 shares or 9.22% of their US portfolio. Moreover, Valueact Holdings L.P. has 8.51% invested in the company for 37.52 million shares. The New York-based Brave Warrior Advisors Llc has invested 7.15% in the stock. Tweedy Browne Co Llc, a Connecticut-based fund reported 5.31 million shares.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The company has a market cap of $32.08 billion. The Firm operates operate under two divisions, which form the basis for its two operating divisions: the Completion and Production segment, and the Drilling and Evaluation segment. It has 120.85 P/E ratio. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services and products.

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