Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. After underwhelming results in Q3, mid-cap stocks made impressive gains in Q4. Mid-cap stocks had a positive year, with every sector performing well. The Russell Midcap Growth Index (up 25.86%) outperformed the Russell Midcap Value Index (up 12.66%) by a significant margin. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Carillon Eagle Mid Cap Growth Fund featured stocks such as Halliburton Company (NYSE:HAL) in the Q4 2023 investor letter. Headquartered in Houston, Texas, Halliburton Company (NYSE:HAL) offers services and products to the energy industry. On January 31, 2024, Halliburton Company (NYSE:HAL) stock closed at $35.65 per share. One-month return of Halliburton Company (NYSE:HAL) was -0.36%, and its shares lost 7.55% of their value over the last 52 weeks. Halliburton Company (NYSE:HAL) has a market capitalization of $31.909 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Halliburton Company (NYSE:HAL) in its fourth quarter 2023 investor letter:
“Halliburton Company (NYSE:HAL) provides equipment and services to the global energy industry. The company’s shares underperformed during the quarter, largely due to downward pressure on crude oil and natural gas prices. Despite this recent move, ongoing discipline among North American shale producers could continue supporting relatively healthy activity growth at current commodity price levels, which should provide stability to service providers such as Haliburton. The company is also poised to benefit from the ongoing, multi-year international and offshore upstream investment cycle that is less dependent on short-term swings in commodity prices.”
A drilling rig in action, operated by an oilfield services team.
Halliburton Company (NYSE:HAL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 41 hedge fund portfolios held Halliburton Company (NYSE:HAL) at the end of third quarter which was 39 in the previous quarter.
We discussed Halliburton Company (NYSE:HAL) in another article and shared the list of most profitable natural gas stocks in the world. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 10 Highest Quality Egg Brands in the US
- 15 Highest Quality Bottled Water Brands in The US
- 15 Countries With The Highest Labor Shortages In The World
Disclosure: None. This article is originally published at Insider Monkey.
