Raymond James Financial Services Advisors Inc. trimmed its position in Jagged Peak Energy Inc (NYSE:JAG) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,906 shares of the mining company’s stock after selling 16,600 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Jagged Peak Energy were worth $488,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of JAG. State Street Corp lifted its holdings in shares of Jagged Peak Energy by 204.8% in the second quarter. State Street Corp now owns 1,307,728 shares of the mining company’s stock valued at $17,454,000 after purchasing an additional 878,710 shares in the last quarter. Creative Planning bought a new stake in shares of Jagged Peak Energy in the fourth quarter valued at about $5,270,000. Essex Investment Management Co. LLC lifted its holdings in shares of Jagged Peak Energy by 1,273.1% in the fourth quarter. Essex Investment Management Co. LLC now owns 327,626 shares of the mining company’s stock valued at $5,170,000 after purchasing an additional 303,765 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Jagged Peak Energy by 341.1% in the second quarter. Northern Trust Corp now owns 373,161 shares of the mining company’s stock valued at $4,982,000 after purchasing an additional 288,559 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Jagged Peak Energy in the fourth quarter valued at about $2,846,000. Institutional investors own 23.89% of the company’s stock.
A number of analysts have recently commented on the company. KeyCorp restated a “buy” rating and issued a $17.00 price target on shares of Jagged Peak Energy in a report on Tuesday, February 27th. ValuEngine lowered Jagged Peak Energy from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Credit Suisse Group assumed coverage on Jagged Peak Energy in a report on Monday, December 11th. They issued a “neutral” rating and a $16.00 price target on the stock. Citigroup boosted their price target on Jagged Peak Energy from $19.00 to $21.00 and gave the company a “buy” rating in a report on Friday, March 9th. Finally, Tudor Pickering lowered Jagged Peak Energy from a “buy” rating to a “hold” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.82.
Shares of Jagged Peak Energy Inc (NYSE JAG) opened at $12.41 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $2,595.63, a PE ratio of 64.16, a P/E/G ratio of 0.51 and a beta of -0.42. Jagged Peak Energy Inc has a 12-month low of $10.96 and a 12-month high of $16.55.
In other Jagged Peak Energy news, CFO Robert William Howard sold 5,208 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $12.97, for a total transaction of $67,547.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher Humber sold 2,664 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $12.97, for a total value of $34,552.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 837,762 shares of company stock worth $11,254,833.
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Jagged Peak Energy Company Profile
Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.
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