Nomura Asset Management Co. Ltd. purchased a new position in shares of Halcon Resources Co. (NYSE:HK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 503,317 shares of the energy company’s stock, valued at approximately $3,810,000. Nomura Asset Management Co. Ltd. owned approximately 0.32% of Halcon Resources at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Vident Investment Advisory LLC acquired a new stake in Halcon Resources during the 3rd quarter worth $2,512,000. Vanguard Group Inc. raised its stake in Halcon Resources by 113.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after acquiring an additional 1,753,923 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Halcon Resources by 184.5% in the third quarter. Bank of New York Mellon Corp now owns 593,574 shares of the energy company’s stock valued at $4,036,000 after purchasing an additional 384,934 shares during the period. Senvest Management LLC acquired a new position in Halcon Resources in the third quarter valued at $10,098,000. Finally, American International Group Inc. increased its stake in Halcon Resources by 126.3% in the third quarter. American International Group Inc. now owns 85,800 shares of the energy company’s stock valued at $583,000 after purchasing an additional 47,880 shares during the period. Hedge funds and other institutional investors own 91.44% of the company’s stock.
In other Halcon Resources news, Director Ares Management Llc purchased 1,113,466 shares of Halcon Resources stock in a transaction on Friday, February 9th. The shares were bought at an average price of $6.90 per share, with a total value of $7,682,915.40. Following the completion of the acquisition, the director now directly owns 53,114 shares of the company’s stock, valued at $366,486.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Franklin Resources Inc sold 800,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.57, for a total transaction of $6,856,000.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,170,466 shares of company stock worth $7,982,275 and have sold 5,085,383 shares worth $41,942,812. 53.90% of the stock is currently owned by insiders.
Halcon Resources Co. (NYSE:HK) opened at $5.43 on Wednesday. Halcon Resources Co. has a one year low of $3.68 and a one year high of $9.07. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.38.
Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Wednesday, February 28th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Halcon Resources had a negative return on equity of 2.12% and a net margin of 141.73%. The firm had revenue of $25.28 million for the quarter, compared to analyst estimates of $27.11 million. During the same quarter last year, the firm earned $0.66 earnings per share. The company’s revenue was down 80.6% compared to the same quarter last year. sell-side analysts expect that Halcon Resources Co. will post 0.12 earnings per share for the current year.
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Halcon Resources 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.
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