Hara Capital LLC acquired a new stake in Oil Search Limited (OTCMKTS:OISHY – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 335,818 shares of the company’s stock, valued at approximately $2,690,000. Oil Search comprises about 1.4% of Hara Capital LLC’s portfolio, making the stock its 22nd largest position.
Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Oil Search in the second quarter valued at approximately $54,614,000. Deutsche Bank AG acquired a new position in Oil Search in the 2nd quarter valued at about $2,482,000. State of Wyoming acquired a new position in shares of Oil Search in the second quarter valued at approximately $433,000. GSA Capital Partners LLP purchased a new stake in shares of Oil Search during the second quarter worth $249,000. Finally, One Wealth Advisors LLC purchased a new stake in Oil Search during the 2nd quarter worth about $122,000.
Oil Search Trading Down 3.7%
Shares of Oil Search stock opened at $14.13 on Friday. Oil Search Limited has a 52-week low of $13.00 and a 52-week high of $17.51. The company has a 50 day moving average of $14.13 and a 200 day moving average of $14.13.
Oil Search Company Profile
Oil Search Limited is an independent oil and gas exploration and production company focused primarily on Papua New Guinea. The company acquires, explores and develops petroleum resources and holds a diversified portfolio of exploration licenses and production assets. Its activities encompass upstream operations, including seismic surveying, well drilling and field development, as well as midstream responsibilities such as gas processing and transport to domestic and export markets.
A cornerstone of Oil Search’s portfolio is its equity interest in the Papua New Guinea Liquefied Natural Gas (PNG LNG) Project, a long-term liquefaction and export venture operated by a consortium of international partners.
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