OxFORD Asset Management LLP Acquires Shares of 637,762 Halcon Resources Corporation (HK)
OxFORD Asset Management LLP acquired a new position in shares of Halcon Resources Corporation (NYSE:HK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 637,762 shares of the energy company’s stock, valued at approximately $2,895,000. OxFORD Asset Management LLP owned approximately 0.42% of Halcon Resources Corporation as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clinton Group Inc. acquired a new stake in Halcon Resources Corporation during the 1st quarter valued at $119,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Halcon Resources Corporation in the first quarter valued at $140,000. Nationwide Fund Advisors purchased a new stake in shares of Halcon Resources Corporation in the second quarter valued at $160,000. Bank of New York Mellon Corp purchased a new stake in shares of Halcon Resources Corporation in the first quarter valued at $174,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Halcon Resources Corporation in the second quarter valued at $184,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.
HK has been the subject of several research reports. Roth Capital set a $9.00 price target on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a report on Tuesday, August 1st. Imperial Capital began coverage on shares of Halcon Resources Corporation in a research report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price objective on the stock. Barclays PLC upgraded shares of Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $5.00 to $8.00 in a research note on Thursday, July 13th. ValuEngine lowered shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.41.
Halcon Resources Corporation (NYSE:HK) opened at 6.93 on Tuesday. The company’s 50-day moving average is $6.32 and its 200 day moving average is $6.33. The company has a market cap of $994.76 million, a price-to-earnings ratio of 1.63 and a beta of 3.98. Halcon Resources Corporation has a 12 month low of $3.69 and a 12 month high of $11.29.
In other Halcon Resources Corporation news, Director Darryl Schall acquired 10,000 shares of the stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the acquisition, the director now directly owns 35,589 shares of the company’s stock, valued at $222,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $6.13, for a total transaction of $1,870,882.13. The disclosure for this sale can be found here. Insiders sold a total of 6,198,219 shares of company stock worth $39,474,049 in the last three months. Company insiders own 53.90% of the company’s stock.
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.
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