Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 500,000 shares of Halcon Resources Corporation stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $6.81, for a total transaction of $3,405,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, September 29th, Franklin Resources Inc sold 218,100 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.80, for a total transaction of $1,483,080.00.
  • On Wednesday, September 27th, Franklin Resources Inc sold 175,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $7.07, for a total transaction of $1,237,250.00.
  • On Monday, September 25th, Franklin Resources Inc sold 225,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.64, for a total transaction of $1,494,000.00.
  • On Tuesday, September 26th, Franklin Resources Inc sold 450,000 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.66, for a total transaction of $2,997,000.00.
  • On Wednesday, September 20th, Franklin Resources Inc sold 515,893 shares of Halcon Resources Corporation stock. The stock was sold at an average price of $6.44, for a total transaction of $3,322,350.92.
  • 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.

Shares of Halcon Resources Corporation (NYSE:HK) opened at 6.26 on Friday. The stock has a market capitalization of $898.59 million, a PE ratio of 1.47 and a beta of 3.99. Halcon Resources Corporation has a 52-week low of $3.69 and a 52-week high of $11.29. The firm has a 50-day moving average of $6.37 and a 200 day moving average of $6.32.

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A number of hedge funds have recently made changes to their positions in HK. Bank of New York Mellon Corp purchased a new position in shares of Halcon Resources Corporation in the first quarter valued at approximately $174,000. UBS Asset Management Americas Inc. boosted its stake in shares of Halcon Resources Corporation by 51.2% in the first quarter. UBS Asset Management Americas Inc. now owns 108,911 shares of the energy company’s stock valued at $839,000 after purchasing an additional 36,901 shares during the period. SG Americas Securities LLC purchased a new position in shares of Halcon Resources Corporation in the first quarter valued at approximately $222,000. Clinton Group Inc. purchased a new position in shares of Halcon Resources Corporation in the first quarter valued at approximately $119,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Halcon Resources Corporation in the first quarter valued at approximately $140,000. 91.57% of the stock is owned by institutional investors.

A number of research firms recently commented on HK. Zacks Investment Research raised shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised shares of Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Roth Capital set a $9.00 price objective on shares of Halcon Resources Corporation and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Imperial Capital initiated coverage on shares of Halcon Resources Corporation in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price objective for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $9.43.

About Halcon Resources Corporation

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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