Bank of New York Mellon Corp acquired a new position in Halcon Resources Corporation (NYSE:HK) during the first quarter, Holdings Channel reports. The firm acquired 22,559 shares of the energy company’s stock, valued at approximately $174,000.

A number of other institutional investors have also bought and sold shares of the company. Boston Partners acquired a new position in Halcon Resources Corporation during the first quarter worth approximately $1,999,000. Bank of Montreal Can acquired a new position in Halcon Resources Corporation during the first quarter worth approximately $1,371,000. UBS Asset Management Americas Inc. acquired a new position in Halcon Resources Corporation during the fourth quarter worth approximately $673,000. Acadian Asset Management LLC raised its position in Halcon Resources Corporation by 40.5% in the first quarter. Acadian Asset Management LLC now owns 162,043 shares of the energy company’s stock worth $1,247,000 after buying an additional 46,729 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Halcon Resources Corporation during the fourth quarter worth approximately $240,000. 78.62% of the stock is currently owned by institutional investors.

Shares of Halcon Resources Corporation (NYSE:HK) traded up 1.12% during trading on Friday, hitting $6.33. The stock had a trading volume of 127,858 shares. The stock has a market capitalization of $908.63 million, a price-to-earnings ratio of 1.49 and a beta of 3.99. The stock has a 50 day moving average price of $5.75 and a 200-day moving average price of $6.92. Halcon Resources Corporation has a one year low of $3.69 and a one year high of $14.14.

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HK has been the topic of a number of recent analyst reports. Zacks Investment Research raised Halcon Resources Corporation from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. ValuEngine lowered Halcon Resources Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC reissued a “sell” rating and issued a $5.00 price objective on shares of Halcon Resources Corporation in a research note on Friday, July 7th. Scotiabank set a $12.00 price objective on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, May 16th. Finally, Roth Capital set a $14.00 price objective on Halcon Resources Corporation and gave the stock a “buy” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.41.

In related news, major shareholder Franklin Resources Inc sold 746,173 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $6.07, for a total transaction of $4,529,270.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Darryl Schall purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the purchase, the director now owns 35,589 shares in the company, valued at approximately $222,431.25. The disclosure for this purchase can be found here. 2.80% of the stock is currently 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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Institutional Ownership by Quarter for Halcon Resources Corporation (NYSE:HK)

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