Bank of Montreal Can raised its position in Laredo Petroleum, Inc. (NYSE:LPI) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,027,804 shares of the oil and gas producer’s stock after buying an additional 159,472 shares during the period. Bank of Montreal Can owned about 0.42% of Laredo Petroleum worth $10,813,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Evanson Asset Management LLC acquired a new stake in Laredo Petroleum during the second quarter worth $108,000. Cpcm LLC increased its stake in Laredo Petroleum by 2.9% in the first quarter. Cpcm LLC now owns 196,291 shares of the oil and gas producer’s stock worth $2,866,000 after buying an additional 5,500 shares during the period. Public Employees Retirement System of Ohio increased its stake in Laredo Petroleum by 2.0% in the first quarter. Public Employees Retirement System of Ohio now owns 69,338 shares of the oil and gas producer’s stock worth $1,012,000 after buying an additional 1,327 shares during the period. Point72 Asset Management L.P. increased its position in shares of Laredo Petroleum by 150.2% in the first quarter. Point72 Asset Management L.P. now owns 3,748,400 shares of the oil and gas producer’s stock valued at $54,727,000 after buying an additional 2,250,300 shares during the last quarter. Finally, TPH Asset Management LLC increased its position in shares of Laredo Petroleum by 25.1% in the first quarter. TPH Asset Management LLC now owns 1,631,543 shares of the oil and gas producer’s stock valued at $23,821,000 after buying an additional 327,036 shares during the last quarter.
Shares of Laredo Petroleum, Inc. (LPI) traded up 0.93% during midday trading on Friday, hitting $11.91. 2,553,253 shares of the stock traded hands. The stock has a 50-day moving average of $11.83 and a 200-day moving average of $12.66. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 24.06 and a beta of 1.41. Laredo Petroleum, Inc. has a 52-week low of $9.57 and a 52-week high of $16.47.
TRADEMARK VIOLATION WARNING: This piece was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.com-unik.info/2017/08/19/laredo-petroleum-inc-lpi-shares-bought-by-bank-of-montreal-can-updated-updated-updated.html.
Several brokerages recently commented on LPI. Williams Capital set a $14.00 price target on shares of Laredo Petroleum and gave the company a “hold” rating in a report on Tuesday, August 8th. Scotiabank set a $13.00 price target on shares of Laredo Petroleum and gave the company a “hold” rating in a report on Saturday, July 1st. Stephens upgraded shares of Laredo Petroleum from an “underweight” rating to a “hold” rating in a report on Monday, May 15th. Bank of America Corporation upped their price target on shares of Laredo Petroleum from $11.00 to $13.00 and gave the company an “underperform” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $17.00 price target on shares of Laredo Petroleum in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Laredo Petroleum currently has a consensus rating of “Hold” and a consensus price target of $14.87.
Laredo Petroleum Company Profile
Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.
What are top analysts saying about Laredo Petroleum Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Laredo Petroleum Inc. and related companies.