Wells Fargo & Company MN raised its holdings in shares of Halcon Resources Corporation (NYSE:HK) by 30.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397,998 shares of the energy company’s stock after acquiring an additional 92,600 shares during the quarter. Wells Fargo & Company MN’s holdings in Halcon Resources were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. purchased a new position in shares of Halcon Resources during the 2nd quarter worth $472,000. Vanguard Group Inc. boosted its stake in shares of Halcon Resources by 113.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,296,119 shares of the energy company’s stock worth $14,964,000 after acquiring an additional 1,753,923 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Halcon Resources during the 2nd quarter worth $1,496,000. Bank of New York Mellon Corp boosted its stake in shares of Halcon Resources by 824.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 208,640 shares of the energy company’s stock worth $947,000 after acquiring an additional 186,081 shares during the last quarter. Finally, QS Investors LLC purchased a new position in shares of Halcon Resources during the 2nd quarter worth $832,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Shares of Halcon Resources Corporation (NYSE:HK) opened at $8.54 on Friday. The company has a market cap of $1,200.00, a price-to-earnings ratio of 1.96 and a beta of 4.04. Halcon Resources Corporation has a 52-week low of $3.68 and a 52-week high of $10.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.91 and a current ratio of 1.91.

Halcon Resources (NYSE:HK) last announced its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). The company had revenue of $96.95 million during the quarter, compared to the consensus estimate of $97.34 million. Halcon Resources had a net margin of 124.30% and a return on equity of 8.76%. The company’s quarterly revenue was up 319.6% on a year-over-year basis. analysts anticipate that Halcon Resources Corporation will post -0.03 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. ValuEngine downgraded shares of Halcon Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Halcon Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Seaport Global Securities upgraded shares of Halcon Resources from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.00 to $8.00 in a research report on Tuesday, October 17th. Bank of America raised their price objective on shares of Halcon Resources from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, Roth Capital set a $9.00 price objective on shares of Halcon Resources and gave the company a “buy” rating in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Halcon Resources currently has a consensus rating of “Buy” and an average price target of $9.57.

In other Halcon Resources news, major shareholder Franklin Resources Inc sold 1,650,000 shares of Halcon Resources stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $6.24, for a total value of $10,296,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 8,544,729 shares of company stock worth $59,671,101. 53.90% of the stock is currently owned by insiders.

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Halcon Resources 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 (NYSE:HK)

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