Wells Fargo & Company MN raised its holdings in shares of Ultra Petroleum Corp (OTCMKTS:UPLMQ) by 155.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 628,254 shares of the energy company’s stock after acquiring an additional 382,246 shares during the period. Wells Fargo & Company MN owned approximately 0.41% of Ultra Petroleum worth $5,447,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Sei Investments Co. bought a new stake in shares of Ultra Petroleum during the 2nd quarter valued at $102,000. Cetera Investment Advisers acquired a new position in shares of Ultra Petroleum in the 2nd quarter valued at $122,000. Keybank National Association OH acquired a new position in shares of Ultra Petroleum in the 2nd quarter valued at $136,000. Aperio Group LLC acquired a new position in shares of Ultra Petroleum in the 2nd quarter valued at $162,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Ultra Petroleum in the 2nd quarter valued at $162,000. Institutional investors own 9.41% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Ultra Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th.
Ultra Petroleum Corp (OTCMKTS:UPLMQ) opened at $7.23 on Friday. Ultra Petroleum Corp has a fifty-two week low of $0.16 and a fifty-two week high of $8.75. The stock has a market cap of $1,110.00, a price-to-earnings ratio of 20.08 and a beta of 1.66.
Ultra Petroleum (OTCMKTS:UPLMQ) last announced its earnings results on Tuesday, November 7th. The energy company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). The company had revenue of $217.63 million for the quarter, compared to analysts’ expectations of $209.20 million.
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Ultra Petroleum Company Profile
Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming-the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.
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