Halcon Resources Corporation (HK) Major Shareholder Franklin Resources Inc Sells 515,893 Shares

Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 515,893 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $6.44, for a total transaction of $3,322,350.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • 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 transaction 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 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.
  • On Monday, August 21st, Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.13, for a total transaction of $1,697,397.00.
  • On Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.10, for a total transaction of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total transaction of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total transaction of $1,870,882.13.

Halcon Resources Corporation (NYSE:HK) traded up 1.26% during mid-day trading on Friday, hitting $6.42. 1,723,331 shares of the stock traded hands. Halcon Resources Corporation has a 12-month low of $3.69 and a 12-month high of $11.29. The firm has a market cap of $921.55 million, a PE ratio of 1.51 and a beta of 3.95. The stock has a 50 day moving average price of $6.19 and a 200 day moving average price of $6.38.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clinton Group Inc. bought a new stake in shares of Halcon Resources Corporation in the 1st quarter worth approximately $119,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Halcon Resources Corporation in the 1st quarter worth approximately $140,000. Bank of New York Mellon Corp bought a new stake in shares of Halcon Resources Corporation in the 1st quarter worth approximately $174,000. Jane Street Group LLC raised its holdings in shares of Halcon Resources Corporation by 133.6% in the 1st quarter. Jane Street Group LLC now owns 25,616 shares of the energy company’s stock worth $197,000 after purchasing an additional 14,648 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Halcon Resources Corporation in the 2nd quarter worth approximately $121,000. Institutional investors and hedge funds own 91.57% of the company’s stock.

A number of research analysts have issued reports on HK shares. Roth Capital set a $9.00 target price on shares of Halcon Resources Corporation and gave the company a “buy” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Imperial Capital started coverage on shares of Halcon Resources Corporation in a report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 target price for the company. ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The company 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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