Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Halliburton Company (HAL) a Good Stock To Buy?

Because Halliburton Company (NYSE:HAL) has experienced falling interest from the entirety of the hedge funds we track, we can see that there were a few money managers that slashed their full holdings in the third quarter. Interestingly, Daniel S. Och’s OZ Management sold off the biggest position of the “upper crust” of funds monitored by Insider Monkey, worth about $216.1 million in stock. Stanley Druckenmiller’s fund, Duquesne Capital, also dumped all of its shares, about $98.6 million worth.

Let’s now review hedge fund activity in other stocks similar to Halliburton Company (NYSE:HAL). These stocks are PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ), Illinois Tool Works Inc. (NYSE:ITW), Sony Corporation (ADR) (NYSE:SNE), and Regeneron Pharmaceuticals Inc (NASDAQ:REGN). This group of stocks’ market values are closest to HAL’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
QQQ 24 1423248 4
ITW 33 702872 1
SNE 13 327337 -1
REGN 29 629847 -3

As you can see these stocks had an average of 25 investors holding shares at the end of September and the average amount invested in these stocks was $771 million. By comparison, hedge funds held much more invested in Halliburton – $1.80 billion. Illinois Tool Works Inc. (NYSE:ITW) is the most popular stock in this table. On the other hand Sony Corporation (ADR) (NYSE:SNE) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Halliburton Company (NYSE:HAL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.