82,627 Shares in Midstates Petroleum Co. (MPO) Purchased by Citigroup Inc.
Citigroup Inc. bought a new position in shares of Midstates Petroleum Co. (NYSE:MPO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 82,627 shares of the energy producer’s stock, valued at approximately $1,047,000.
Other large investors also recently modified their holdings of the company. New York State Common Retirement Fund purchased a new position in Midstates Petroleum during the second quarter valued at approximately $151,000. Nationwide Fund Advisors purchased a new position in Midstates Petroleum during the second quarter valued at approximately $438,000. Ameriprise Financial Inc. purchased a new position in Midstates Petroleum during the second quarter valued at approximately $216,000. TIAA CREF Investment Management LLC purchased a new position in Midstates Petroleum during the second quarter valued at approximately $524,000. Finally, Teachers Advisors LLC purchased a new position in Midstates Petroleum during the second quarter valued at approximately $255,000. 94.78% of the stock is currently owned by institutional investors and hedge funds.
Midstates Petroleum Co. (MPO) opened at 15.44 on Friday. The company’s 50-day moving average is $15.27 and its 200 day moving average is $15.80. Midstates Petroleum Co. has a one year low of $0.05 and a one year high of $25.00.
Midstates Petroleum (NYSE:MPO) last announced 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. On average, equities analysts anticipate that Midstates Petroleum Co. will post $2.37 EPS for the current fiscal year.
In related news, major shareholder Centerbridge Credit Partners, sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.31, for a total transaction of $4,893,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 811,700 shares of company stock worth $13,023,569. 1.89% of the stock is owned by insiders.
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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