Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 425,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $6.60, for a total value of $2,805,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Franklin Resources Inc also recently made the following trade(s):

  • On Tuesday, September 12th, Franklin Resources Inc sold 709,998 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.14, for a total value of $4,359,387.72.
  • On Wednesday, August 23rd, Franklin Resources Inc sold 423,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.11, for a total value of $2,584,530.00.
  • On Monday, August 21st, Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.13, for a total value of $1,697,397.00.
  • On Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.10, for a total value of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.15, for a total value of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.13, for a total value of $1,870,882.13.

Halcon Resources Corporation (NYSE HK) traded down 1.917% during trading on Thursday, hitting $6.395. The company had a trading volume of 3,494,448 shares. The firm’s 50 day moving average is $6.25 and its 200-day moving average is $6.44. Halcon Resources Corporation has a 52-week low of $3.69 and a 52-week high of $11.29. The stock has a market capitalization of $917.96 million, a price-to-earnings ratio of 1.504 and a beta of 3.95.

WARNING: “Insider Selling: Halcon Resources Corporation (HK) Major Shareholder Sells 425,000 Shares of Stock” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/09/14/insider-selling-halcon-resources-corporation-hk-major-shareholder-sells-425000-shares-of-stock.html.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clinton Group Inc. purchased a new stake in Halcon Resources Corporation in the first quarter valued at $119,000. Voya Investment Management LLC purchased a new stake in Halcon Resources Corporation in the second quarter valued at $121,000. Cubist Systematic Strategies LLC lifted its position in Halcon Resources Corporation by 107.1% in the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after acquiring an additional 14,864 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Halcon Resources Corporation in the first quarter valued at $140,000. Finally, Nationwide Fund Advisors purchased a new stake in Halcon Resources Corporation in the second quarter valued at $160,000. 91.57% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Roth Capital set a $14.00 price target on Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Seaport Global Securities reaffirmed a “buy” rating and set a $10.00 price target on shares of Halcon Resources Corporation in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Barclays PLC raised Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $5.00 to $8.00 in a research report on Thursday, July 13th. Finally, ValuEngine downgraded Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.41.

About Halcon Resources Corporation

Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

Insider Buying and Selling by Quarter for Halcon Resources Corporation (NYSE:HK)

Receive News & Ratings for Halcon Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.