Midstates Petroleum Co. (NYSE:MPO) major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $16.00, for a total transaction of $2,392,496.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Midstates Petroleum Co. (MPO) opened at $16.71 on Friday. Midstates Petroleum Co. has a 1-year low of $10.87 and a 1-year high of $22.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.21 and a current ratio of 2.21.
Midstates Petroleum (NYSE:MPO) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.04). Midstates Petroleum had a net margin of 607.09% and a return on equity of 2,904.50%. The firm had revenue of $60.68 million for the quarter.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Midstates Petroleum by 7.9% during the first quarter. Goldman Sachs Group Inc. now owns 317,550 shares of the energy producer’s stock valued at $5,859,000 after acquiring an additional 23,249 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Midstates Petroleum during the second quarter valued at $1,287,000. Boston Partners acquired a new position in shares of Midstates Petroleum during the second quarter valued at $1,667,000. Vanguard Group Inc. boosted 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 during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Midstates Petroleum in the second quarter worth about $491,000. 94.88% of the stock is owned by institutional investors.
About Midstates Petroleum
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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