Raymond James & Associates grew its position in Midstates Petroleum Company Inc (NYSE:MPO) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,144 shares of the energy producer’s stock after acquiring an additional 8,360 shares during the quarter. Raymond James & Associates’ holdings in Midstates Petroleum were worth $710,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in Midstates Petroleum by 58.4% during the first quarter. Northern Trust Corp now owns 618,618 shares of the energy producer’s stock worth $8,247,000 after purchasing an additional 228,146 shares during the period. BlackRock Inc. lifted its position in Midstates Petroleum by 4.3% during the first quarter. BlackRock Inc. now owns 574,190 shares of the energy producer’s stock worth $7,654,000 after acquiring an additional 23,651 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Midstates Petroleum by 11.6% during the first quarter. JPMorgan Chase & Co. now owns 123,766 shares of the energy producer’s stock worth $1,650,000 after acquiring an additional 12,846 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Midstates Petroleum during the first quarter worth approximately $2,360,000. Finally, Allianz Asset Management GmbH acquired a new stake in Midstates Petroleum during the first quarter worth approximately $523,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of MPO stock opened at $8.06 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $208.37 million, a price-to-earnings ratio of 12.69 and a beta of 0.94. Midstates Petroleum Company Inc has a 12-month low of $8.01 and a 12-month high of $19.03.
Midstates Petroleum (NYSE:MPO) last issued its quarterly earnings data on Thursday, August 2nd. The energy producer reported $0.18 earnings per share (EPS) for the quarter. Midstates Petroleum had a negative net margin of 59.15% and a positive return on equity of 2.00%. The firm had revenue of $42.32 million during the quarter.
Separately, ValuEngine upgraded shares of Midstates Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th.
About Midstates Petroleum
Midstates Petroleum Co, Inc is an exploration and production company, which engages in the application of modern drilling and completion techniques in oil and liquids-rich basins. It focuses on its operations in the Mississippian Lime and the Anadarko Basin. The company was founded in 1993 and is headquartered in Houston, TX.
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