Franklin Resources Inc. Sells 34 Shares of Midstates Petroleum Co. (MPO)
Franklin Resources Inc. reduced its holdings in shares of Midstates Petroleum Co. (NYSE:MPO) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,670 shares of the energy producer’s stock after selling 34 shares during the period. Franklin Resources Inc.’s holdings in Midstates Petroleum were worth $389,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in MPO. Q Global Advisors LLC purchased a new stake in Midstates Petroleum during the first quarter valued at approximately $5,668,000. Nomura Holdings Inc. purchased a new position in shares of Midstates Petroleum during the 1st quarter worth $3,704,000. Russell Investments Group Ltd. boosted its stake in shares of Midstates Petroleum by 132.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 243,881 shares of the energy producer’s stock worth $3,090,000 after acquiring an additional 138,981 shares during the last quarter. Boston Partners purchased a new position in shares of Midstates Petroleum during the 2nd quarter worth $1,667,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Midstates Petroleum during the 2nd quarter worth $1,287,000. 94.78% of the stock is owned by institutional investors and hedge funds.
Shares of Midstates Petroleum Co. (NYSE:MPO) opened at 15.90 on Wednesday. Midstates Petroleum Co. has a 12 month low of $0.05 and a 12 month high of $25.00. The stock’s 50 day moving average is $15.17 and its 200-day moving average is $15.81.
Midstates Petroleum (NYSE:MPO) last announced its quarterly earnings data 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 return on equity of 2,904.50% and a net margin of 607.09%. The firm had revenue of $60.68 million during the quarter. On average, analysts anticipate that Midstates Petroleum Co. will post $2.37 earnings per share for the current year.
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In related news, major shareholder Centerbridge Credit Partners, sold 300,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.31, for a total value of $4,893,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 680,000 shares of company stock worth $10,973,000. 1.89% of the stock is owned by insiders.
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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