Paloma Partners Management Co boosted its position in Halcon Resources Corp (NYSE:HK) by 1,552.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,552 shares of the energy company’s stock after buying an additional 336,856 shares during the quarter. Paloma Partners Management Co owned approximately 0.22% of Halcon Resources worth $1,574,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of Halcon Resources by 2.4% in the 1st quarter. Wells Fargo & Company MN now owns 552,211 shares of the energy company’s stock valued at $2,690,000 after purchasing an additional 13,053 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Halcon Resources by 8.2% in the 1st quarter. Rhumbline Advisers now owns 134,309 shares of the energy company’s stock valued at $654,000 after purchasing an additional 10,147 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Halcon Resources in the 1st quarter valued at approximately $148,000. Mackay Shields LLC bought a new stake in shares of Halcon Resources in the 1st quarter valued at approximately $171,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Halcon Resources in the 1st quarter valued at approximately $11,542,000.

Shares of HK stock opened at $4.80 on Friday. Halcon Resources Corp has a 52-week low of $3.56 and a 52-week high of $9.07. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.55.

Halcon Resources (NYSE:HK) last issued its quarterly earnings results on Wednesday, August 1st. The energy company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.18. Halcon Resources had a negative return on equity of 1.03% and a net margin of 135.43%. The firm had revenue of $55.40 million during the quarter, compared to analyst estimates of $56.07 million. Halcon Resources’s quarterly revenue was down 53.9% compared to the same quarter last year. research analysts expect that Halcon Resources Corp will post -0.03 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Halcon Resources from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Imperial Capital lowered their price objective on Halcon Resources from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, August 3rd. Bank of America lowered their price objective on Halcon Resources from $9.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. ValuEngine raised Halcon Resources from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, JPMorgan Chase & Co. initiated coverage on Halcon Resources in a research note on Wednesday, July 25th. They issued a “neutral” rating and a $6.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Halcon Resources currently has a consensus rating of “Buy” and an average target price of $8.00.

In related news, Director Ares Management Llc sold 350,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $3.90, for a total transaction of $1,365,000.00. Following the completion of the sale, the director now directly owns 86,857 shares of the company’s stock, valued at approximately $338,742.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by company insiders.

About Halcon Resources

Halcón Resources Corporation, an independent energy company, engages in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the United States. As of February 28, 2018, the company held interests in 21,679 net acres in the Monument Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas; and 27,035 net acres in the Hackberry Draw area of the Delaware Basin, located in Pecos and Reeves Counties, Texas.

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Institutional Ownership by Quarter for Halcon Resources (NYSE:HK)

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