Trimming oil stock after climbing 50% in 3 months


Source: cnbc.com cnbc.com

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We're selling 300 shares of Halliburton (HAL) at roughly $38.45 a share. Following Monday's trade, Jim Cramer's Charitable Trust will own 2,225 shares of Halliburton, decreasing its weighting in the portfolio to about 3% from 3.38%. Energy stocks were early outperformers Monday, trading slightly higher at the initial open despite broad weakness in equity markets. Energy stocks initially followed oil prices higher after the Organization of Petroleum Exporting Countries and its oil producing allies, known as OPEC+, held their production targets steady as the European Union implemented a ban on Russian crude and the G7 imposed a price cap. West...