Midstates Petroleum Co. (NYSE:MPO) major shareholder Centerbridge Credit Partners, sold 307,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $16.05, for a total value of $4,927,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Centerbridge Credit Partners, also recently made the following trade(s):

  • On Thursday, October 5th, Centerbridge Credit Partners, sold 131,700 shares of Midstates Petroleum stock. The stock was sold at an average price of $15.57, for a total value of $2,050,569.00.
  • On Tuesday, September 26th, Centerbridge Credit Partners, sold 150,000 shares of Midstates Petroleum stock. The stock was sold at an average price of $16.00, for a total value of $2,400,000.00.
  • On Monday, September 25th, Centerbridge Credit Partners, sold 230,000 shares of Midstates Petroleum stock. The shares were sold at an average price of $16.00, for a total value of $3,680,000.00.
  • On Thursday, September 14th, Centerbridge Credit Partners, sold 300,000 shares of Midstates Petroleum stock. The shares were sold at an average price of $16.31, for a total value of $4,893,000.00.

Shares of Midstates Petroleum Co. (MPO) traded up $0.76 during trading on Friday, reaching $16.71. The company’s stock had a trading volume of 448,491 shares.

Midstates Petroleum (NYSE:MPO) last announced its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm 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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Institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new position in Midstates Petroleum during the second quarter valued at $151,000. Rhumbline Advisers purchased a new position in Midstates Petroleum during the second quarter valued at $155,000. Ameriprise Financial Inc. purchased a new position in Midstates Petroleum during the second quarter valued at $216,000. Parametric Portfolio Associates LLC purchased a new position in Midstates Petroleum during the second quarter valued at $198,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Midstates Petroleum during the second quarter valued at $227,000. 94.88% of the stock is owned by institutional investors and hedge funds.

About Midstates Petroleum

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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