Strata Minerals Inc (NYSE:SMP) insider Peter J. Sills sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of C$47.14, for a total value of C$117,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Strata Minerals Inc (SMP) traded up C$0.11 on Friday, hitting C$41.24. The stock had a trading volume of 52,663 shares, compared to its average volume of 89,115. Strata Minerals Inc has a 1-year low of C$40.77 and a 1-year high of C$55.37.
Strata Minerals (NYSE:SMP) last released its quarterly earnings data on Thursday, October 26th. The company reported C$0.74 earnings per share for the quarter, missing the consensus estimate of C$0.86 by C($0.12). The company had revenue of C$281.06 million for the quarter. Strata Minerals had a return on equity of 14.57% and a net margin of 6.09%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.84%.
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Several equities analysts have recently issued reports on SMP shares. BidaskClub upgraded Strata Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Strata Minerals from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price target on shares of Strata Minerals in a research report on Wednesday, August 9th. ValuEngine cut Strata Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, FBR & Co reiterated a “hold” rating and set a $48.00 price target on shares of Strata Minerals in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Strata Minerals currently has a consensus rating of “Hold” and an average target price of C$54.00.
Several large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in shares of Strata Minerals by 22.3% during the third quarter. Wells Fargo & Company MN now owns 46,829 shares of the company’s stock worth $2,259,000 after acquiring an additional 8,544 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Strata Minerals by 110.6% in the third quarter. Citadel Advisors LLC now owns 49,479 shares of the company’s stock worth $2,388,000 after purchasing an additional 25,982 shares during the period. Legal & General Group Plc increased its stake in shares of Strata Minerals by 3.4% in the third quarter. Legal & General Group Plc now owns 37,869 shares of the company’s stock worth $1,827,000 after purchasing an additional 1,243 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Strata Minerals by 14.6% in the third quarter. Eagle Asset Management Inc. now owns 240,847 shares of the company’s stock worth $11,779,000 after purchasing an additional 30,635 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Strata Minerals by 95.9% in the third quarter. Nordea Investment Management AB now owns 9,600 shares of the company’s stock worth $463,000 after purchasing an additional 4,700 shares during the period.
About Strata Minerals
Standard Motor Products, Inc is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a complementary focus on heavy duty, industrial equipment and the original equipment service market. The Company’s segments include Engine Management Segment and Temperature Control Segment.
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