JPMorgan Chase & Co. decreased its stake in Hallador Energy Company (NASDAQ:HNRG) by 63.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,395 shares of the energy company’s stock after selling 59,087 shares during the period. JPMorgan Chase & Co. owned 0.11% of Hallador Energy worth $259,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlueCrest Capital Management Ltd acquired a new stake in Hallador Energy in the 1st quarter valued at about $125,000. Rhumbline Advisers acquired a new stake in Hallador Energy during the second quarter worth approximately $130,000. Crescent Grove Advisors LLC acquired a new stake in Hallador Energy during the second quarter worth approximately $163,000. Strs Ohio acquired a new stake in Hallador Energy during the second quarter worth approximately $168,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Hallador Energy during the second quarter worth approximately $219,000. Institutional investors own 57.45% of the company’s stock.
Shares of Hallador Energy Company (NASDAQ HNRG) traded up $0.29 during trading hours on Friday, reaching $5.48. 127,500 shares of the company were exchanged, compared to its average volume of 105,376. The company has a market capitalization of $172.22, a PE ratio of 6.25 and a beta of -0.54. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.40 and a quick ratio of 0.97. Hallador Energy Company has a fifty-two week low of $4.79 and a fifty-two week high of $10.02.
Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings data on Monday, November 6th. The energy company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $74.50 million for the quarter. Hallador Energy had a net margin of 2.88% and a return on equity of 10.92%. sell-side analysts predict that Hallador Energy Company will post 0.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, October 31st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.16 dividend on an annualized basis and a yield of 2.92%. Hallador Energy’s dividend payout ratio (DPR) is 64.00%.
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A number of equities research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $10.00 price target (down from $11.00) on shares of Hallador Energy in a research report on Wednesday. Zacks Investment Research upgraded shares of Hallador Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, ValuEngine downgraded shares of Hallador Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th.
Hallador Energy Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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