Koch Industries Inc. acquired a new stake in shares of Halcon Resources Corporation (NYSE:HK) during the fourth quarter, Holdings Channel reports. The firm acquired 19,834 shares of the energy company’s stock, valued at approximately $185,000.
Several other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in Halcon Resources Corporation by 0.3% in the second quarter. Royal Bank of Canada now owns 324,683 shares of the energy company’s stock valued at $151,000 after buying an additional 1,043 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Halcon Resources Corporation during the third quarter worth about $267,000. Alleghany Corp DE purchased a new stake in shares of Halcon Resources Corporation during the third quarter worth about $325,000. Trexquant Investment LP purchased a new stake in shares of Halcon Resources Corporation during the fourth quarter worth about $384,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Halcon Resources Corporation during the fourth quarter worth about $555,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.
Shares of Halcon Resources Corporation (NYSE:HK) traded up 0.21% during mid-day trading on Tuesday, hitting $9.48. 672,295 shares of the company were exchanged. The company’s market capitalization is $865.05 million. The company has a 50 day moving average of $9.11 and a 200 day moving average of $9.74. Halcon Resources Corporation has a 52 week low of $7.47 and a 52 week high of $50.93.
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HK has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Halcon Resources Corporation from a “sell” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Tuesday, January 24th. Wunderlich raised shares of Halcon Resources Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, November 15th. Roth Capital reaffirmed a “buy” rating on shares of Halcon Resources Corporation in a research report on Monday, November 28th. Capital One Financial Corporation raised shares of Halcon Resources Corporation from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 25th. Finally, Stephens raised shares of Halcon Resources Corporation from an “equal weight” rating to an “overweight” rating and set a $12.00 price objective for the company in a research report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Halcon Resources Corporation currently has an average rating of “Buy” and an average price target of $8.69.
In other Halcon Resources Corporation news, EVP Jon C. Wright sold 10,000 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $8.60, for a total value of $86,000.00. Following the sale, the executive vice president now owns 193,857 shares of the company’s stock, valued at $1,667,170.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 10,125 shares of company stock worth $87,134 in the last three months. 22.00% of the stock is owned by corporate insiders.
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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