Engineers Gate Manager LP purchased a new position in Midstates Petroleum Company Inc (NYSE:MPO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 11,728 shares of the energy producer’s stock, valued at approximately $160,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Citadel Advisors LLC raised its position in Midstates Petroleum by 26.3% in the first quarter. Citadel Advisors LLC now owns 32,070 shares of the energy producer’s stock worth $427,000 after acquiring an additional 6,675 shares during the period. Bank of Montreal Can bought a new stake in shares of Midstates Petroleum during the 2nd quarter valued at $159,000. JPMorgan Chase & Co. raised its position in shares of Midstates Petroleum by 11.6% during the 1st quarter. JPMorgan Chase & Co. now owns 123,766 shares of the energy producer’s stock valued at $1,650,000 after purchasing an additional 12,846 shares during the period. Bailard Inc. bought a new stake in shares of Midstates Petroleum during the 1st quarter valued at $181,000. Finally, Brave Asset Management Inc. bought a new stake in shares of Midstates Petroleum during the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 98.18% of the company’s stock.

In other news, major shareholder Centerbridge Credit Partners M sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $13.00, for a total transaction of $26,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Shares of MPO stock opened at $11.56 on Wednesday. The firm has a market cap of $299.55 million, a PE ratio of 11.86 and a beta of 0.89. Midstates Petroleum Company Inc has a one year low of $11.26 and a one year high of $19.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.62 and a current ratio of 0.62.

Midstates Petroleum Profile

Midstates Petroleum Company, Inc engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company's operations are primarily focused on exploration and production activities in the Mississippian Lime and Anadarko Basin. As of December 31, 2017, its Mississippian Lime assets consisted of approximately 117,451 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma; and Anadarko Basin assets consisted of approximately 76,409 net acres in Texas and 16,198 net acres in Western Oklahoma.

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Institutional Ownership by Quarter for Midstates Petroleum (NYSE:MPO)

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