Pinnacle Financial Partners Has Trimmed Stake in Halliburton Co (HAL) by $1.20 Million; Tealwood Asset Management Lowered Its Holding in Brookfield Infrast Partners (BIP) as Stock Rose

February 15, 2018 - By Ellis Scott

Pinnacle Financial Partners Inc decreased its stake in Halliburton Co (HAL) by 72.97% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Financial Partners Inc sold 25,984 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 9,624 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $443,000, down from 35,608 at the end of the previous reported quarter. Pinnacle Financial Partners Inc who had been investing in Halliburton Co for a number of months, seems to be less bullish one the $41.07B market cap company. The stock decreased 1.93% or $0.92 during the last trading session, reaching $46.95. About 10.28M shares traded or 10.80% up from the average. Halliburton Company (NYSE:HAL) has risen 19.03% since February 15, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Tealwood Asset Management Inc decreased its stake in Brookfield Infrast Partners (BIP) by 43.31% based on its latest 2017Q3 regulatory filing with the SEC. Tealwood Asset Management Inc sold 63,800 shares as the company’s stock rose 9.21% with the market. The institutional investor held 83,524 shares of the marine transportation company at the end of 2017Q3, valued at $3.60M, down from 147,324 at the end of the previous reported quarter. Tealwood Asset Management Inc who had been investing in Brookfield Infrast Partners for a number of months, seems to be less bullish one the $16.36 billion market cap company. The stock increased 2.10% or $0.8559 during the last trading session, reaching $41.5259. About 183,170 shares traded. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since February 15, 2017 and is uptrending. It has outperformed by 22.25% the S&P500.

Among 9 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Brookfield Infrastructure Partners had 34 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Friday, February 9 report. The company was downgraded on Tuesday, August 22 by Credit Suisse. TD Securities maintained the shares of BIP in report on Monday, September 26 with “Buy” rating. As per Monday, September 26, the company rating was downgraded by Raymond James. The stock has “Neutral” rating by Credit Suisse on Friday, February 10. The company was maintained on Wednesday, November 1 by BMO Capital Markets. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) has “Neutral” rating given on Monday, September 19 by Citigroup. The firm earned “Buy” rating on Friday, July 14 by RBC Capital Markets. Credit Suisse upgraded the shares of BIP in report on Friday, June 16 to “Outperform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, November 5 report.

Pinnacle Financial Partners Inc, which manages about $779.38M US Long portfolio, upped its stake in Automatic Data Processing In (NASDAQ:ADP) by 4,250 shares to 30,667 shares, valued at $3.35M in 2017Q3, according to the filing. It also increased its holding in Chevron Corp New (NYSE:CVX) by 13,723 shares in the quarter, for a total of 83,875 shares, and has risen its stake in Vanguard Scottsdale Fds (VCIT).

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 firm has “Buy” rating by BMO Capital Markets given on Wednesday, October 11. The rating was maintained by Argus Research with “Buy” on Wednesday, July 22. The stock has “Buy” rating by Deutsche Bank on Thursday, July 21. iBERIA Capital Partners maintained Halliburton Company (NYSE:HAL) on Wednesday, May 4 with “Outperform” rating. The rating was upgraded by Seaport Global to “Buy” on Thursday, July 20. The rating was maintained by Evercore with “Buy” on Saturday, August 22. The stock of Halliburton Company (NYSE:HAL) has “Buy” rating given on Wednesday, June 7 by BMO Capital Markets. The firm has “Buy” rating given on Monday, April 25 by Citigroup. Credit Suisse maintained Halliburton Company (NYSE:HAL) on Tuesday, July 25 with “Buy” rating. Goldman Sachs maintained Halliburton Company (NYSE:HAL) on Monday, May 9 with “Buy” rating.

Since September 5, 2017, it had 0 buys, and 11 sales for $10.10 million activity. Pope Lawrence J sold $1.71M worth of stock. The insider Voyles Robb L. sold $297,650. McKeon Timothy also sold $251,835 worth of Halliburton Company (NYSE:HAL) shares. 29,025 Halliburton Company (NYSE:HAL) shares with value of $1.60 million were sold by Miller Jeffrey Allen. On Friday, January 5 Beaty Anne L. sold $151,459 worth of Halliburton Company (NYSE:HAL) or 2,937 shares. $713,475 worth of stock was sold by Brown James S on Monday, January 22.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.09, from 0.94 in 2017Q2. It worsened, 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. Blair William & Communications Il stated it has 0.04% in Halliburton Company (NYSE:HAL). Highland Cap Mngmt Ltd Company owns 47,335 shares or 0.17% of their US portfolio. Pub Employees Retirement Association Of Colorado reported 1.93M shares. Voya Mngmt Limited Liability Com reported 0.23% stake. Loring Wolcott And Coolidge Fiduciary Limited Liability Partnership Ma holds 0% of its portfolio in Halliburton Company (NYSE:HAL) for 872 shares. Hutchin Hill Cap Limited Partnership reported 12,600 shares stake. Robeco Institutional Asset Management Bv reported 1.75 million shares. Neuberger Berman Gru Ltd Liability has 158,793 shares for 0.01% of their portfolio. Tci Wealth Advisors Inc holds 0% or 115 shares. Financial Professionals reported 0% of its portfolio in Halliburton Company (NYSE:HAL). Private Advisor Grp Inc Ltd Limited Liability Company holds 0.02% in Halliburton Company (NYSE:HAL) or 20,718 shares. Mitsubishi Ufj & Bk holds 0.16% of its portfolio in Halliburton Company (NYSE:HAL) for 1.82 million shares. 8.57M are held by Invesco Limited. Dowling And Yahnke Ltd Liability Company stated it has 8,030 shares or 0.04% of all its holdings. 29,367 are held by Ls Inv Advsrs Lc.

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