QS Investors LLC Buys New Position in Halcon Resources Corporation (HK)
QS Investors LLC bought a new position in shares of Halcon Resources Corporation (NYSE:HK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 183,162 shares of the energy company’s stock, valued at approximately $832,000. QS Investors LLC owned about 0.12% of Halcon Resources Corporation as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of HK. UBS Oconnor LLC purchased a new stake in Halcon Resources Corporation during the first quarter worth approximately $30,285,000. Boston Partners lifted its stake in Halcon Resources Corporation by 1,388.1% during the second quarter. Boston Partners now owns 3,863,260 shares of the energy company’s stock worth $17,539,000 after purchasing an additional 3,603,645 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Halcon Resources Corporation during the first quarter worth approximately $17,949,000. Vanguard Group Inc. lifted its stake in Halcon Resources Corporation by 113.7% during the second quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after purchasing an additional 1,753,923 shares during the last quarter. Finally, Paloma Partners Management Co lifted its stake in Halcon Resources Corporation by 3,565.1% during the first quarter. Paloma Partners Management Co now owns 1,308,800 shares of the energy company’s stock worth $10,078,000 after purchasing an additional 1,273,090 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.
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Several equities research analysts recently weighed in on HK shares. Barclays PLC restated a “sell” rating and set a $5.00 target price on shares of Halcon Resources Corporation in a research note on Friday, July 7th. Zacks Investment Research cut Halcon Resources Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Seaport Global Securities cut Halcon Resources Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $4.00 in a research note on Wednesday, June 21st. BidaskClub upgraded Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Roth Capital set a $9.00 target price on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.43.
In related news, Director Darryl Schall purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following the acquisition, the director now owns 35,589 shares in the company, valued at approximately $222,431.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Franklin Resources Inc sold 175,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $7.07, for a total value of $1,237,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,698,219 shares of company stock worth $42,879,049. 53.90% of the stock is currently owned by company insiders.
Shares of Halcon Resources Corporation (HK) opened at 6.00 on Friday. The firm has a 50-day moving average price of $6.39 and a 200-day moving average price of $6.30. Halcon Resources Corporation has a 52 week low of $3.69 and a 52 week high of $11.29. The stock has a market cap of $861.26 million, a PE ratio of 1.41 and a beta of 3.99.
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.
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