Insider Selling: Midstates Petroleum Co. (MPO) Major Shareholder Sells 149,531 Shares of Stock
Midstates Petroleum Co. (NYSE:MPO) major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Midstates Petroleum Co. (MPO) traded up $0.76 during trading hours on Friday, reaching $16.71. The company’s stock had a trading volume of 448,491 shares.
Midstates Petroleum (NYSE:MPO) last announced its earnings results on Tuesday, August 8th. The energy producer reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The company had revenue of $60.68 million for the quarter. Midstates Petroleum had a net margin of 607.09% and a return on equity of 2,904.50%.
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Large investors have recently made changes to their positions in the business. New York State Common Retirement Fund acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $151,000. Rhumbline Advisers acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $155,000. Ameriprise Financial Inc. acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $216,000. Parametric Portfolio Associates LLC acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $198,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $227,000. Hedge funds and other institutional investors own 94.88% 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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