Halliburton Company (HAL)

[Timothy Smith]

$HAL - Hedge Fund Watch: BP Capital's best performing stock came in the form of Halliburton (NYSE:HAL), which posted a 14.5% gain versus the double-digit losers that comprise the rest of this group.

The stock also possesses a dividend yield of 0.9%; while not high, it certainly acted as a bonus to the rise in share price.

Despite having negative earnings growth over a year prior, HAL carried a low P/E ratio of 14 last year, and analysts are projecting an even lower measurement of 10 going forward.

Wall Street is clearly biased to the positive as well for this oilfield services provider, ranking the stock as a buy with only a few downgrades to neutral from the likes of JPMorgan and Standpoint Research. Pickens had a position in HAL this time last year, only to trade out of it towards the middle of 2012 and re-assume it in Q3 2012.

Kevin D. Eng of Columbus Hill Capital Management initiated a position at the same time as well.