Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 218,100 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $6.80, for a total value of $1,483,080.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • 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 shares were 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 shares were sold at an average price of $6.44, for a total transaction of $3,322,350.92.
  • On Monday, September 18th, Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.38, for a total transaction of $2,424,400.00.
  • On Tuesday, September 19th, Franklin Resources Inc sold 484,429 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.36, for a total transaction 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 transaction 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 transaction of $2,805,000.00.
  • 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 transaction 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 transaction of $2,584,530.00.

Halcon Resources Corporation (NYSE HK) traded up 1.91% during trading on Monday, reaching $6.93. The company had a trading volume of 1,592,449 shares. Halcon Resources Corporation has a one year low of $3.69 and a one year high of $11.29. The firm has a market capitalization of $994.76 million, a P/E ratio of 1.63 and a beta of 3.98. The firm’s 50-day moving average price is $6.19 and its 200 day moving average price is $6.38.

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A number of hedge funds have recently modified their holdings of HK. Bank of New York Mellon Corp purchased a new stake in Halcon Resources Corporation in the 1st quarter worth $174,000. UBS Asset Management Americas Inc. raised its holdings in Halcon Resources Corporation by 51.2% during the first quarter. UBS Asset Management Americas Inc. now owns 108,911 shares of the energy company’s stock valued at $839,000 after acquiring an additional 36,901 shares during the period. Airain ltd bought a new stake in Halcon Resources Corporation during the first quarter valued at about $222,000. SG Americas Securities LLC bought a new stake in Halcon Resources Corporation during the first quarter valued at about $222,000. Finally, Clinton Group Inc. purchased a new position in shares of Halcon Resources Corporation in the first quarter valued at about $119,000. Institutional investors and hedge funds own 91.57% of the company’s stock.

HK has been the topic of a number of analyst reports. Barclays PLC reiterated a “sell” rating and set a $5.00 price objective on shares of Halcon Resources Corporation in a research note on Friday, July 7th. ValuEngine cut Halcon Resources Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Roth Capital set a $9.00 target price on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Seaport Global Securities lowered Halcon Resources Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $10.00 to $4.00 in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.41.

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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