Gran Tierra Energy Inc (GTE) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 3.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,699,810 shares of the company’s stock after acquiring an additional 366,568 shares during the period. Vanguard Group Inc.’s holdings in Gran Tierra Energy were worth $40,873,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GTE. CIBC Asset Management Inc raised its position in shares of Gran Tierra Energy by 200.6% during the 3rd quarter. CIBC Asset Management Inc now owns 1,168,703 shares of the company’s stock valued at $4,448,000 after purchasing an additional 779,886 shares during the period. JPMorgan Chase & Co. raised its position in shares of Gran Tierra Energy by 88.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,524,256 shares of the company’s stock valued at $5,823,000 after purchasing an additional 716,377 shares during the period. FMR LLC raised its position in shares of Gran Tierra Energy by 16.1% during the 3rd quarter. FMR LLC now owns 5,117,134 shares of the company’s stock valued at $19,548,000 after purchasing an additional 707,800 shares during the period. Mackenzie Financial Corp raised its position in shares of Gran Tierra Energy by 99.6% during the 3rd quarter. Mackenzie Financial Corp now owns 1,165,350 shares of the company’s stock valued at $4,452,000 after purchasing an additional 581,525 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Gran Tierra Energy by 14.7% during the 3rd quarter. Renaissance Technologies LLC now owns 4,463,000 shares of the company’s stock valued at $17,049,000 after purchasing an additional 571,774 shares during the period.

NYSEAMERICAN GTE traded down $0.02 on Monday, reaching $2.16. The company had a trading volume of 7,371 shares, compared to its average volume of 1,178,989. Gran Tierra Energy Inc has a 12 month low of $2.03 and a 12 month high of $3.96.

GTE has been the topic of a number of research reports. Citigroup reiterated a “buy” rating on shares of Gran Tierra Energy in a report on Monday, December 17th. GMP Securities downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Finally, Zacks Investment Research downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Gran Tierra Energy has a consensus rating of “Buy” and a consensus target price of $4.38.

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Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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Want to see what other hedge funds are holding GTE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gran Tierra Energy Inc (NYSEAMERICAN:GTE).

Institutional Ownership by Quarter for Gran Tierra Energy (NYSEAMERICAN:GTE)

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