Halliburton Company (HAL) Holder Janney Capital Management Upped Stake by $2.29 Million as Valuation Declined; As Chevron New (CVX) Stock Value Declined, American Investment Services Has Trimmed Its Position

February 16, 2018 - By Louis Casey

American Investment Services Inc decreased its stake in Chevron Corp New (CVX) by 3.93% based on its latest 2017Q3 regulatory filing with the SEC. American Investment Services Inc sold 8,493 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 207,678 shares of the integrated oil company at the end of 2017Q3, valued at $24.40 million, down from 216,171 at the end of the previous reported quarter. American Investment Services Inc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $213.74 billion market cap company. The stock increased 0.02% or $0.02 during the last trading session, reaching $112.53. About 5.40 million shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 16, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.

Janney Capital Management Llc increased its stake in Halliburton Company (HAL) by 19.03% based on its latest 2017Q3 regulatory filing with the SEC. Janney Capital Management Llc bought 49,872 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 311,916 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $14.36 million, up from 262,044 at the end of the previous reported quarter. Janney Capital Management Llc who had been investing in Halliburton Company for a number of months, seems to be bullish on the $41.03B market cap company. The stock decreased 2.05% or $0.98 during the last trading session, reaching $46.89. About 15.76M shares traded or 68.31% up from the average. Halliburton Company (NYSE:HAL) has risen 19.03% since February 16, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

American Investment Services Inc, which manages about $612.10 million and $261.23M US Long portfolio, upped its stake in International Business Machs (NYSE:IBM) by 11,715 shares to 90,808 shares, valued at $13.17M in 2017Q3, according to the filing. It also increased its holding in Apple Inc (NASDAQ:AAPL) by 7,064 shares in the quarter, for a total of 28,405 shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It turned negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Edge Wealth Limited Liability Company stated it has 20,905 shares or 0.74% of all its holdings. Guardian Lp reported 1.25% in Chevron Corporation (NYSE:CVX). Oregon-based Thompson Rubinstein Investment Mngmt Inc Or has invested 0.5% in Chevron Corporation (NYSE:CVX). Rosenblum Silverman Sutton S F Ca, California-based fund reported 12,752 shares. Tradewinds Capital Ltd reported 5,142 shares. Patten & Patten Inc Tn invested 0.87% of its portfolio in Chevron Corporation (NYSE:CVX). State Street Corporation accumulated 116.76M shares. Retail Bank Of Stockton has invested 1.08% of its portfolio in Chevron Corporation (NYSE:CVX). Aull Monroe Inv Mgmt Corporation has 2.23% invested in Chevron Corporation (NYSE:CVX) for 36,771 shares. Barrow Hanley Mewhinney & Strauss Limited accumulated 1.35% or 7.63 million shares. 29,156 were reported by Guyasuta Investment Advsrs. Amg Funds Limited Liability Co owns 10,703 shares or 0.69% of their US portfolio. 8,837 are held by Paradigm Fincl Advsrs Limited Liability Company. Brandywine has invested 0.54% of its portfolio in Chevron Corporation (NYSE:CVX). Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 564,420 shares.

Among 34 analysts covering Chevron Corporation (NYSE:CVX), 24 have Buy rating, 0 Sell and 10 Hold. Therefore 71% are positive. Chevron Corporation had 114 analyst reports since August 4, 2015 according to SRatingsIntel. As per Tuesday, September 19, the company rating was maintained by Cowen & Co. Morgan Stanley maintained Chevron Corporation (NYSE:CVX) on Wednesday, January 24 with “Overweight” rating. The stock of Chevron Corporation (NYSE:CVX) earned “Overweight” rating by Morgan Stanley on Tuesday, November 1. The stock of Chevron Corporation (NYSE:CVX) has “Outperform” rating given on Wednesday, March 9 by Wolfe Research. On Tuesday, January 10 the stock rating was downgraded by HSBC to “Hold”. BMO Capital Markets maintained it with “Buy” rating and $12000 target in Friday, July 28 report. The firm has “Buy” rating given on Thursday, December 21 by Scotia Capital. Macquarie Research upgraded the stock to “Buy” rating in Tuesday, October 17 report. Macquarie Research initiated the stock with “Underperform” rating in Wednesday, September 23 report. Barclays Capital maintained Chevron Corporation (NYSE:CVX) rating on Tuesday, October 10. Barclays Capital has “Equal-Weight” rating and $130 target.

Since August 16, 2017, it had 0 insider buys, and 1 insider sale for $3.06 million activity. 2,312 shares were sold by Deily Linnet F, worth $248,274.

Janney Capital Management Llc, which manages about $3.30 billion and $2.32 billion US Long portfolio, decreased its stake in Southern Company (NYSE:SO) by 6,889 shares to 327,082 shares, valued at $16.07 million in 2017Q3, according to the filing. It also reduced its holding in Hsbc Hldgs Plc Spons Adr (NYSE:HSBC) by 6,496 shares in the quarter, leaving it with 337,628 shares, and cut its stake in Fedex Corp (NYSE:FDX).

Since September 5, 2017, it had 0 buys, and 11 selling transactions for $10.10 million activity. 43,000 shares valued at $1.71 million were sold by Pope Lawrence J on Tuesday, September 5. Carre Eric had sold 28,024 shares worth $1.45M on Friday, January 5. Shares for $251,835 were sold by McKeon Timothy on Monday, January 22. The insider Brown James S sold $713,475. $83,844 worth of Halliburton Company (NYSE:HAL) was sold by Beaty Anne L.. Miller Jeffrey Allen sold $1.60M worth of Halliburton Company (NYSE:HAL) on Monday, January 22.

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. On Wednesday, July 22 the stock rating was maintained by Argus Research with “Buy”. The stock of Halliburton Company (NYSE:HAL) earned “Market Perform” rating by Cowen & Co on Wednesday, April 26. The stock of Halliburton Company (NYSE:HAL) has “Market Perform” rating given on Thursday, October 20 by Cowen & Co. Morgan Stanley maintained it with “Overweight” rating and $63 target in Thursday, October 20 report. The rating was maintained by RBC Capital Markets on Friday, June 23 with “Buy”. The firm has “Buy” rating by Zacks given on Tuesday, August 11. The rating was maintained by Credit Suisse with “Buy” on Thursday, June 29. iBERIA Capital Partners maintained Halliburton Company (NYSE:HAL) rating on Wednesday, May 4. iBERIA Capital Partners has “Outperform” rating and $50 target. The rating was maintained by Jefferies on Monday, May 29 with “Buy”. The stock of Halliburton Company (NYSE:HAL) earned “Overweight” rating by Barclays Capital on Wednesday, February 24.

Investors sentiment decreased to 0.85 in Q3 2017. 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. Meiji Yasuda Asset stated it has 0.08% of its portfolio in Halliburton Company (NYSE:HAL). Keybank Association Oh owns 486,195 shares for 0.13% of their portfolio. Integral Derivatives Lc invested in 0.08% or 90,715 shares. Country Club Tru Na accumulated 10,645 shares. The Nebraska-based Cwm Ltd Liability Corporation has invested 0.06% in Halliburton Company (NYSE:HAL). Caprock Gru Incorporated holds 0.08% of its portfolio in Halliburton Company (NYSE:HAL) for 8,067 shares. Asset Management One holds 0.15% or 1.39 million shares in its portfolio. Dowling And Yahnke Lc reported 0.04% in Halliburton Company (NYSE:HAL). Manufacturers Life Insurance Co The reported 1.32 million shares. Pzena Investment Mngmt Limited Liability Corp owns 4.05 million shares. Edge Wealth Lc stated it has 1,435 shares. Brenham Cap Mgmt Lp, Texas-based fund reported 1.75M shares. Korea Investment has 1.07M shares for 0.23% of their portfolio. Hanson Mcclain reported 3,274 shares or 0.01% of all its holdings. Waratah Cap Limited holds 170,575 shares or 1% of its portfolio.

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By1 Louis Casey

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