Nationwide Fund Advisors bought a new position in shares of Midstates Petroleum Co. (NYSE:MPO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 34,537 shares of the energy producer’s stock, valued at approximately $438,000.
Several other hedge funds also recently made changes to their positions in MPO. Rhumbline Advisers bought a new stake in shares of Midstates Petroleum during the 2nd quarter worth about $155,000. Ameriprise Financial Inc. bought a new stake in shares of Midstates Petroleum during the 2nd quarter worth about $216,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Midstates Petroleum during the 2nd quarter worth about $227,000. Swiss National Bank bought a new stake in shares of Midstates Petroleum during the 2nd quarter worth about $237,000. Finally, Teachers Advisors LLC bought a new stake in shares of Midstates Petroleum during the 2nd quarter worth about $255,000. 94.33% of the stock is owned by institutional investors and hedge funds.
Shares of Midstates Petroleum Co. (NYSE:MPO) traded down $0.24 during mid-day trading on Tuesday, hitting $17.04. 65,158 shares of the company traded hands, compared to its average volume of 109,942. The company has a quick ratio of 2.21, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. Midstates Petroleum Co. has a 1-year low of $10.87 and a 1-year high of $22.54.
Separately, Noble Financial reaffirmed a “hold” rating on shares of Midstates Petroleum in a report on Thursday, November 16th.
In other Midstates Petroleum news, major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $16.00, for a total value of $2,392,496.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Centerbridge Credit Partners, sold 307,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $16.05, for a total transaction of $4,927,350.00. The disclosure for this sale can be found here. Insiders sold a total of 1,268,231 shares of company stock valued at $20,343,415 in the last three months. Insiders own 1.89% of the company’s stock.
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Midstates Petroleum Company Profile
Midstates Petroleum Company, Inc is an independent exploration and production company. The Company operates oil and natural gas properties, and is engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. It is focused on the application of drilling and completion techniques in oil and basins in the onshore United States.
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