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Valley National Advisers increased its Halliburton stake, joining other investors boosting holdings despite slight revenue miss.
Valley National Advisers Inc. increased its stake in Halliburton by 2.1% in Q4, while other institutional investors also boosted their holdings.
Halliburton reported $5.70 billion in Q3 revenue, slightly below analysts' expectations, and a $0.17 quarterly dividend.
The company has a "Moderate Buy" rating and a $37.42 price target.
Halliburton operates in energy services, with over 85% of its stock owned by institutional investors.
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Valley National Advisers aumentó su participación en Halliburton, uniéndose a otros inversores aumentando sus participaciones a pesar de una ligera pérdida de ingresos.