Citadel Advisors LLC has boosted its stake in Halcon Resources Corporation, according to a 13G filing. Kenneth Griffin's value oriented hedge fund now owns a 5.2% stake in the company. According to a 13F filed for the third quarter, Citadel Advisors owned a 4.2% stake in the Delaware based company. The hedge fund now owns 11,238,005 shares in Halcon Resources, making the fund the second largest shareholder.
On November 9th, Halcon Resources Corp (NYSE:HK) reported 3Q12 EPS of -$0.01, versus consensus of $0.00, and largely in line EBITDA of $39 million, versus consensus of $40 million.
Management is focusing its 2013 drilling program less aggressively towards high-risk exploration...
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