Here’s Why Halliburton Company (HAL) Outperformed in Q4

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the mid-cap stocks posted solid gains. On the other hand, its full-year returns were disappointing. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisors highlighted stocks like Halliburton Company (NYSE:HAL) in the Q4 2022 investor letter. Headquartered in Houston, Texas, Halliburton Company (NYSE:HAL) offers products and services to energy industry globally. On January 16, 2023, Halliburton Company (NYSE:HAL) stock closed at $42.66 per share. One-month return of Halliburton Company (NYSE:HAL) was 18.30%, and its shares gained 48.43% of their value over the last 52 weeks. Halliburton Company (NYSE:HAL) has a market capitalization of $38.737 billion.

Carillon Tower Advisors made the following comment about Halliburton Company (NYSE:HAL) in its Q4 2022 investor letter:

Halliburton Company (NYSE:HAL) provides equipment and services to the global energy industry. Shares have been on an impressive trajectory recently, outpacing the notable move in the overall oilfield services and equipment group. Halliburton benefits from the ongoing upswing in global upstream spending and should play a pivotal role in helping exploration and production companies navigate the recent productivity declines in North American shale. The tight services and equipment market has resulted in strong pricing gains and margin expansion, and when coupled with a disciplined approach to capital spending, has paved the way for the stock’s outperformance.”

Best Industrial Dividend Stocks to Buy for 2021

Kzenon/Shutterstock.com

Halliburton Company (NYSE:HAL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 48 hedge fund portfolios held Halliburton Company (NYSE:HAL) at the end of the third quarter, which was 43 in the previous quarter.

We discussed Halliburton Company (NYSE:HAL) in another article and shared stocks gaining value on analysts’ upgrades. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

Disclosure: None. This article is originally published at Insider Monkey.