Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 350,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $6.03, for a total value of $2,110,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, October 4th, Franklin Resources Inc sold 500,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.81, for a total value of $3,405,000.00.
  • On Friday, September 29th, Franklin Resources Inc sold 218,100 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.80, for a total value of $1,483,080.00.
  • On Wednesday, September 27th, Franklin Resources Inc sold 175,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $7.07, for a total value of $1,237,250.00.
  • On Monday, September 25th, Franklin Resources Inc sold 225,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.64, for a total value of $1,494,000.00.
  • On Tuesday, September 26th, Franklin Resources Inc sold 450,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.66, for a total value of $2,997,000.00.
  • On Wednesday, September 20th, Franklin Resources Inc sold 515,893 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.44, for a total value of $3,322,350.92.
  • On Monday, September 18th, Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.38, for a total value of $2,424,400.00.
  • On Tuesday, September 19th, Franklin Resources Inc sold 484,429 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.36, for a total value of $3,080,968.44.
  • On Friday, September 15th, Franklin Resources Inc sold 830,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.43, for a total value of $5,336,900.00.
  • On Wednesday, September 13th, Franklin Resources Inc sold 425,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.60, for a total value of $2,805,000.00.

Shares of Halcon Resources Corporation (HK) traded up 8.31% during trading on Tuesday, reaching $6.39. The company’s stock had a trading volume of 5,752,897 shares. Halcon Resources Corporation has a one year low of $3.68 and a one year high of $11.29. The stock has a market cap of $917.25 million, a price-to-earnings ratio of 1.50 and a beta of 3.98. The company has a 50-day moving average price of $6.39 and a 200-day moving average price of $6.29.

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Several hedge funds have recently modified their holdings of HK. UBS Oconnor LLC purchased a new stake in shares of Halcon Resources Corporation in the 1st quarter worth $30,285,000. Boston Partners lifted its holdings in shares of Halcon Resources Corporation by 1,388.1% in the 2nd quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock worth $17,539,000 after buying an additional 3,603,645 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Halcon Resources Corporation in the 1st quarter worth $17,949,000. Vanguard Group Inc. lifted its holdings in shares of Halcon Resources Corporation by 113.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after buying an additional 1,753,923 shares during the period. Finally, Paloma Partners Management Co lifted its holdings in shares of Halcon Resources Corporation by 3,565.1% in the 1st quarter. Paloma Partners Management Co now owns 1,308,800 shares of the energy company’s stock worth $10,078,000 after buying an additional 1,273,090 shares during the period. Institutional investors and hedge funds own 91.57% of the company’s stock.

A number of analysts recently commented on the company. Seaport Global Securities raised Halcon Resources Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.00 to $8.00 in a research note on Tuesday. Bank of America Corporation assumed coverage on Halcon Resources Corporation in a research note on Monday. They issued a “neutral” rating for the company. Zacks Investment Research raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Halcon Resources Corporation has a consensus rating of “Buy” and a consensus price target of $10.00.

Halcon Resources Corporation Company Profile

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)

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