Wells Fargo & Company MN raised its holdings in shares of Halcon Resources Corporation (NYSE:HK) by 30.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 397,998 shares of the energy company’s stock after purchasing an additional 92,600 shares during the period. Wells Fargo & Company MN owned 0.27% of Halcon Resources worth $2,706,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Halcon Resources by 113.7% during the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock valued at $14,964,000 after purchasing an additional 1,753,923 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Halcon Resources by 35.6% during the second quarter. Citadel Advisors LLC now owns 2,905,894 shares of the energy company’s stock valued at $13,193,000 after buying an additional 763,581 shares during the last quarter. State Street Corp grew its holdings in shares of Halcon Resources by 5,676.2% during the second quarter. State Street Corp now owns 1,226,470 shares of the energy company’s stock valued at $5,567,000 after buying an additional 1,205,237 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Halcon Resources during the second quarter valued at approximately $2,895,000. Finally, Northern Trust Corp grew its holdings in shares of Halcon Resources by 796.9% during the second quarter. Northern Trust Corp now owns 621,276 shares of the energy company’s stock valued at $2,821,000 after buying an additional 552,005 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Franklin Resources Inc sold 350,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $6.03, for a total value of $2,110,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 8,544,729 shares of company stock worth $59,671,101 in the last 90 days. 53.90% of the stock is currently owned by corporate insiders.
Shares of Halcon Resources Corporation (NYSE HK) opened at $8.54 on Friday. Halcon Resources Corporation has a fifty-two week low of $3.68 and a fifty-two week high of $10.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.91 and a quick ratio of 1.91. The stock has a market cap of $1,200.00, a P/E ratio of 1.96 and a beta of 4.04.
Halcon Resources (NYSE:HK) last issued its earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.11). Halcon Resources had a return on equity of 8.76% and a net margin of 124.30%. The company had revenue of $96.95 million during the quarter, compared to analysts’ expectations of $97.34 million. The business’s quarterly revenue was up 319.6% compared to the same quarter last year. analysts expect that Halcon Resources Corporation will post -0.03 EPS for the current fiscal year.
A number of equities research analysts have recently commented on HK shares. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Bank of America started coverage on shares of Halcon Resources in a report on Monday, October 16th. They set a “neutral” rating on the stock. Seaport Global Securities upgraded shares of Halcon Resources from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.00 to $8.00 in a report on Tuesday, October 17th. Johnson Rice upgraded shares of Halcon Resources from an “accumulate” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, Roth Capital set a $9.00 price target on shares of Halcon Resources and gave the company a “buy” rating in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $9.57.
ILLEGAL ACTIVITY WARNING: This article was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.dispatchtribunal.com/2018/01/13/wells-fargo-company-mn-has-2-71-million-holdings-in-halcon-resources-corporation-hk.html.
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.
Want to see what other hedge funds are holding HK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halcon Resources Corporation (NYSE:HK).
Receive News & Ratings for Halcon Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halcon Resources and related companies with MarketBeat.com's FREE daily email newsletter.