Geller Advisors LLC Sells 48,434 Shares of Prairie Operating Co. (NASDAQ:PROP)

Geller Advisors LLC cut its position in Prairie Operating Co. (NASDAQ:PROP) by 44.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,965 shares of the company’s stock after selling 48,434 shares during the quarter. Geller Advisors LLC’s holdings in Prairie Operating were worth $415,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Prairie Operating by 105.5% in the 4th quarter. Geode Capital Management LLC now owns 250,614 shares of the company’s stock valued at $1,734,000 after purchasing an additional 128,648 shares in the last quarter. Northern Trust Corp lifted its position in shares of Prairie Operating by 92.6% during the 4th quarter. Northern Trust Corp now owns 62,884 shares of the company’s stock worth $435,000 after buying an additional 30,242 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Prairie Operating by 1,053.9% during the 4th quarter. Rhumbline Advisers now owns 40,224 shares of the company’s stock worth $278,000 after buying an additional 36,738 shares during the last quarter. Marshall Wace LLP bought a new position in Prairie Operating in the fourth quarter valued at about $201,000. Finally, Traynor Capital Management Inc. bought a new position in shares of Prairie Operating in the fourth quarter worth about $146,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on Prairie Operating in a research note on Wednesday, April 30th. They issued an “overweight” rating and a $11.00 price objective on the stock.

Prairie Operating Price Performance

NASDAQ PROP opened at $4.65 on Friday. The stock has a market capitalization of $124.89 million, a P/E ratio of -1.55 and a beta of 3.13. Prairie Operating Co. has a one year low of $3.35 and a one year high of $14.03. The business has a 50 day simple moving average of $4.90 and a 200 day simple moving average of $6.92.

Prairie Operating Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.