Ameriprise Financial Inc. Purchases Shares of 15,020 Midstates Petroleum Co. (MPO)
Ameriprise Financial Inc. purchased a new position in shares of Midstates Petroleum Co. (NYSE:MPO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,020 shares of the energy producer’s stock, valued at approximately $216,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MPO. Rhumbline Advisers bought a new stake in Midstates Petroleum during the second quarter worth $155,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Midstates Petroleum in the second quarter valued at $227,000. Swiss National Bank acquired a new position in shares of Midstates Petroleum in the second quarter valued at $237,000. Teachers Advisors LLC acquired a new position in shares of Midstates Petroleum in the second quarter valued at $255,000. Finally, Credit Suisse AG increased its holdings in shares of Midstates Petroleum by 9.7% in the first quarter. Credit Suisse AG now owns 26,022 shares of the energy producer’s stock valued at $480,000 after purchasing an additional 2,300 shares during the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Centerbridge Credit Partners, sold 230,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $16.00, for a total value of $3,680,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $16.00, for a total transaction of $2,392,496.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,268,231 shares of company stock worth $20,343,415. Corporate insiders own 1.89% of the company’s stock.
Separately, Noble Financial reiterated a “hold” rating on shares of Midstates Petroleum in a report on Thursday.
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Midstates Petroleum Company 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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