BlackRock Inc. increased its position in shares of Midstates Petroleum Company Inc (NYSE:MPO) by 38.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 795,564 shares of the energy producer’s stock after buying an additional 221,374 shares during the quarter. BlackRock Inc.’s holdings in Midstates Petroleum were worth $10,829,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its position in shares of Midstates Petroleum by 58.4% during the first quarter. Northern Trust Corp now owns 618,618 shares of the energy producer’s stock worth $8,247,000 after buying an additional 228,146 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Midstates Petroleum by 11.6% during the first quarter. JPMorgan Chase & Co. now owns 123,766 shares of the energy producer’s stock worth $1,650,000 after buying an additional 12,846 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Midstates Petroleum during the first quarter worth about $2,360,000. Allianz Asset Management GmbH acquired a new position in shares of Midstates Petroleum during the first quarter worth about $523,000. Finally, Bank of Montreal Can acquired a new position in Midstates Petroleum during the second quarter valued at approximately $159,000. 98.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE MPO opened at $7.57 on Friday. Midstates Petroleum Company Inc has a 52 week low of $6.77 and a 52 week high of $19.03. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.06. The company has a market cap of $177.81 million, a P/E ratio of 10.83 and a beta of 0.91.
Midstates Petroleum (NYSE:MPO) last issued its quarterly earnings results on Thursday, August 2nd. The energy producer reported $0.18 EPS for the quarter. Midstates Petroleum had a positive return on equity of 2.00% and a negative net margin of 59.15%. The firm had revenue of $42.32 million during the quarter.
Separately, ValuEngine raised Midstates Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th.
Midstates Petroleum Company Profile
Midstates Petroleum Company, Inc engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company's operations are primarily focused on exploration and production activities in the Mississippian Lime and Anadarko Basin. As of December 31, 2017, its Mississippian Lime assets consisted of approximately 117,451 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma; and Anadarko Basin assets consisted of approximately 76,409 net acres in Texas and 16,198 net acres in Western Oklahoma.
See Also: What is insider trading?
Want to see what other hedge funds are holding MPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Midstates Petroleum Company Inc (NYSE:MPO).
Receive News & Ratings for Midstates Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midstates Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.