California State Teachers Retirement System Decreases Position in Ultra Petroleum Corp (UPLMQ)

California State Teachers Retirement System cut its stake in shares of Ultra Petroleum Corp (OTCMKTS:UPLMQ) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312,398 shares of the energy company’s stock after selling 33,402 shares during the quarter. California State Teachers Retirement System’s holdings in Ultra Petroleum were worth $2,708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. OxFORD Asset Management LLP bought a new stake in shares of Ultra Petroleum during the 3rd quarter valued at approximately $373,000. Dimensional Fund Advisors LP bought a new stake in shares of Ultra Petroleum during the 3rd quarter valued at approximately $16,235,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Ultra Petroleum during the 3rd quarter valued at approximately $213,000. Brandes Investment Partners LP bought a new stake in shares of Ultra Petroleum during the 3rd quarter valued at approximately $103,000. Finally, Tiedemann Wealth Management LLC grew its holdings in shares of Ultra Petroleum by 482.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 140,899 shares of the energy company’s stock valued at $281,000 after purchasing an additional 116,721 shares during the last quarter. 9.41% of the stock is currently owned by institutional investors.

Shares of Ultra Petroleum Corp (OTCMKTS:UPLMQ) opened at $7.23 on Friday. Ultra Petroleum Corp has a 1-year low of $0.16 and a 1-year high of $8.75. The firm has a market cap of $1,110.00, a P/E ratio of 20.08 and a beta of 1.66.

Ultra Petroleum (OTCMKTS:UPLMQ) last posted its earnings results on Tuesday, November 7th. The energy company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). The business had revenue of $217.63 million for the quarter, compared to analysts’ expectations of $209.20 million.

Separately, Zacks Investment Research raised shares of Ultra Petroleum from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th.

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About Ultra Petroleum

Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming-the Pinedale and Jonah fields, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.

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Institutional Ownership by Quarter for Ultra Petroleum (OTCMKTS:UPLMQ)

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