Midstates Petroleum Co. (MPO) Major Shareholder Sells $4,893,000.00 in Stock
Midstates Petroleum Co. (NYSE:MPO) major shareholder Centerbridge Credit Partners, sold 300,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.31, for a total transaction of $4,893,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Midstates Petroleum Co. (NYSE MPO) traded up 0.61% during trading on Thursday, hitting $16.38. 360,469 shares of the stock were exchanged. The stock has a 50 day moving average of $14.44 and a 200-day moving average of $16.19. Midstates Petroleum Co. has a 52 week low of $0.05 and a 52 week high of $25.00.
Midstates Petroleum (NYSE:MPO) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Midstates Petroleum had a net margin of 607.09% and a return on equity of 2,904.50%. The company had revenue of $60.68 million for the quarter. Equities analysts anticipate that Midstates Petroleum Co. will post $2.47 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of Midstates Petroleum by 7.9% during the first quarter. Goldman Sachs Group Inc. now owns 317,550 shares of the energy producer’s stock valued at $5,859,000 after buying an additional 23,249 shares during the period. Boston Partners purchased a new position in shares of Midstates Petroleum during the second quarter valued at about $1,667,000. Alambic Investment Management L.P. increased its position in shares of Midstates Petroleum by 83.3% during the first quarter. Alambic Investment Management L.P. now owns 22,542 shares of the energy producer’s stock valued at $416,000 after buying an additional 10,242 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Midstates Petroleum during the first quarter valued at about $216,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Midstates Petroleum during the first quarter valued at about $3,704,000. Institutional investors own 94.78% of the company’s stock.
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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