Dimensional Fund Advisors LP trimmed its holdings in shares of EP Energy Corp (NYSE:EPE) by 21.0% in the third quarter, HoldingsChannel reports. The firm owned 638,929 shares of the energy producer’s stock after selling 170,353 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EP Energy were worth $2,083,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in EP Energy by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,459,190 shares of the energy producer’s stock worth $12,660,000 after purchasing an additional 9,068 shares in the last quarter. Northern Trust Corp increased its stake in EP Energy by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,794,632 shares of the energy producer’s stock worth $6,568,000 after purchasing an additional 32,018 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in EP Energy by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 817,432 shares of the energy producer’s stock worth $2,992,000 after purchasing an additional 8,690 shares in the last quarter. State Street Corp increased its stake in EP Energy by 3.4% during the 2nd quarter. State Street Corp now owns 674,288 shares of the energy producer’s stock worth $2,469,000 after purchasing an additional 22,030 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in EP Energy by 15.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 238,950 shares of the energy producer’s stock worth $874,000 after purchasing an additional 31,998 shares in the last quarter. 68.93% of the stock is owned by institutional investors and hedge funds.
EPE has been the subject of a number of research reports. ValuEngine cut EP Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. JPMorgan Chase & Co. cut EP Energy from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised EP Energy from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Friday, January 19th. Royal Bank of Canada set a $3.00 target price on EP Energy and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, Stifel Nicolaus set a $3.00 target price on EP Energy and gave the stock a “hold” rating in a research note on Tuesday, January 30th. Eight equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3.20.
EP Energy Corp (NYSE EPE) opened at $1.72 on Friday. EP Energy Corp has a 52 week low of $1.54 and a 52 week high of $5.77. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 8.01.
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EP Energy Company Profile
EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).
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