Bank of New York Mellon Corp acquired a new stake in shares of Midstates Petroleum Co. (NYSE:MPO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,756 shares of the energy producer’s stock, valued at approximately $491,000. Bank of New York Mellon Corp owned approximately 0.15% of Midstates Petroleum as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Credit Suisse AG increased its holdings in shares of Midstates Petroleum by 9.7% during the first quarter. Credit Suisse AG now owns 26,022 shares of the energy producer’s stock valued at $480,000 after acquiring an additional 2,300 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Midstates Petroleum during the first quarter valued at about $216,000. Rhumbline Advisers acquired a new position in shares of Midstates Petroleum during the second quarter valued at about $155,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Midstates Petroleum during the second quarter valued at about $227,000. Finally, Vanguard Group Inc. increased its holdings in shares of Midstates Petroleum by 4.8% during the first quarter. Vanguard Group Inc. now owns 440,612 shares of the energy producer’s stock valued at $8,129,000 after acquiring an additional 20,300 shares in the last quarter. Hedge funds and other institutional investors own 94.87% of the company’s stock.
Midstates Petroleum Co. (NYSE MPO) opened at 14.68 on Tuesday. Midstates Petroleum Co. has a 12-month low of $10.87 and a 12-month high of $22.54. The stock’s 50 day moving average is $15.30 and its 200 day moving average is $15.27.
Midstates Petroleum (NYSE:MPO) last issued its earnings results on Tuesday, August 8th. The energy producer reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.04). Midstates Petroleum had a return on equity of 2,904.50% and a net margin of 607.09%. The business had revenue of $60.68 million for the quarter. Equities research analysts forecast that Midstates Petroleum Co. will post $2.37 earnings per share for the current fiscal year.
In other news, major shareholder Centerbridge Credit Partners, sold 300,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.31, for a total transaction of $4,893,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 811,700 shares of company stock worth $13,023,569 in the last three months. Corporate insiders own 1.89% of the company’s stock.
Midstates Petroleum Profile
Midstates Petroleum Company, Inc is an independent exploration and production company. The Company operates oil and natural gas properties, and is engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. It is focused on the application of drilling and completion techniques in oil and basins in the onshore United States.
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