Citigroup Inc. Grows Holdings in Jagged Peak Energy Inc (JAG)

Citigroup Inc. grew its position in shares of Jagged Peak Energy Inc (NYSE:JAG) by 5,184.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,379 shares of the mining company’s stock after purchasing an additional 133,798 shares during the period. Citigroup Inc. owned approximately 0.06% of Jagged Peak Energy worth $1,244,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nikko Asset Management Americas Inc. grew its stake in shares of Jagged Peak Energy by 1.4% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 352,846 shares of the mining company’s stock valued at $3,218,000 after buying an additional 4,933 shares during the period. BlackRock Inc. grew its stake in shares of Jagged Peak Energy by 7.4% during the 4th quarter. BlackRock Inc. now owns 4,706,332 shares of the mining company’s stock valued at $42,920,000 after buying an additional 322,974 shares during the period. New York State Common Retirement Fund grew its stake in shares of Jagged Peak Energy by 38.0% during the 4th quarter. New York State Common Retirement Fund now owns 98,545 shares of the mining company’s stock valued at $899,000 after buying an additional 27,145 shares during the period. California Public Employees Retirement System purchased a new stake in shares of Jagged Peak Energy during the 4th quarter valued at $246,000. Finally, 361 Capital LLC purchased a new stake in shares of Jagged Peak Energy during the 4th quarter valued at $2,015,000. Institutional investors own 29.44% of the company’s stock.

Shares of Jagged Peak Energy stock opened at $10.16 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07. Jagged Peak Energy Inc has a twelve month low of $8.47 and a twelve month high of $14.98. The firm has a market cap of $2.17 billion, a P/E ratio of 15.88 and a beta of 0.87.

In related news, EVP Christopher Humber sold 6,605 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total transaction of $71,466.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shonn D. Stahlecker sold 8,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $10.76, for a total transaction of $86,080.00. Following the sale, the insider now directly owns 428,368 shares of the company’s stock, valued at $4,609,239.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,677 shares of company stock valued at $694,865. 1.50% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on the stock. Cowen assumed coverage on shares of Jagged Peak Energy in a research note on Thursday, November 29th. They set a “market perform” rating for the company. MKM Partners assumed coverage on shares of Jagged Peak Energy in a research note on Wednesday, December 5th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. set a $13.00 price objective on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Friday, December 7th. Evercore ISI cut shares of Jagged Peak Energy from an “outperform” rating to an “in-line” rating in a research note on Monday, December 10th. Finally, Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.07.

TRADEMARK VIOLATION NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2019/03/17/citigroup-inc-grows-holdings-in-jagged-peak-energy-inc-jag.html.

Jagged Peak Energy Company Profile

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

Recommended Story: Why do companies issue stock splits?

Institutional Ownership by Quarter for Jagged Peak Energy (NYSE:JAG)

Receive News & Ratings for Jagged Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jagged Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply