Halcon Resources Corporation (HK) Shares Sold by OxFORD Asset Management LLP
OxFORD Asset Management LLP decreased its stake in Halcon Resources Corporation (NYSE:HK) by 39.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 384,461 shares of the energy company’s stock after selling 253,301 shares during the period. OxFORD Asset Management LLP owned about 0.26% of Halcon Resources worth $2,610,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of HK. Amalgamated Bank bought a new position in shares of Halcon Resources during the 3rd quarter valued at $109,000. SG Americas Securities LLC grew its holdings in shares of Halcon Resources by 45.6% during the 3rd quarter. SG Americas Securities LLC now owns 25,999 shares of the energy company’s stock valued at $177,000 after purchasing an additional 8,137 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of Halcon Resources during the 2nd quarter valued at $121,000. Cubist Systematic Strategies LLC grew its holdings in shares of Halcon Resources by 107.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock valued at $130,000 after purchasing an additional 14,864 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Halcon Resources during the 3rd quarter valued at $199,000. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
In other Halcon Resources news, major shareholder Franklin Resources Inc sold 830,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $6.43, for a total transaction of $5,336,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 10,406,339 shares of company stock valued at $68,636,132 in the last three months. 53.90% of the stock is currently owned by corporate insiders.
Shares of Halcon Resources Corporation (NYSE HK) traded up $0.17 on Tuesday, reaching $7.66. 2,302,400 shares of the company’s stock traded hands, compared to its average volume of 2,481,589. The stock has a market cap of $1,120.47, a PE ratio of 11.35 and a beta of 4.03. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.35. Halcon Resources Corporation has a fifty-two week low of $3.68 and a fifty-two week high of $10.30.
Halcon Resources (NYSE:HK) last announced its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). The firm had revenue of $96.95 million for the quarter, compared to analysts’ expectations of $97.34 million. Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. Halcon Resources’s quarterly revenue was up 319.6% on a year-over-year basis. analysts predict that Halcon Resources Corporation will post -0.03 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. ValuEngine lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Halcon Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. TheStreet raised shares of Halcon Resources from a “d+” rating to a “c-” rating in a research report on Wednesday, November 22nd. Bank of America increased their price target on shares of Halcon Resources from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the company a “buy” rating in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Halcon Resources has a consensus rating of “Buy” and a consensus target price of $9.88.
Halcon Resources 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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