Ares Management LLC lowered its stake in shares of Midstates Petroleum Co. (NYSE:MPO) by 21.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 376,408 shares of the energy producer’s stock after selling 100,673 shares during the period. Midstates Petroleum accounts for 0.0% of Ares Management LLC’s investment portfolio, making the stock its 19th largest position. Ares Management LLC owned about 1.55% of Midstates Petroleum worth $6,945,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Segantii Capital Management Ltd increased its stake in Midstates Petroleum by 633.4% in the first quarter. Segantii Capital Management Ltd now owns 16,384 shares of the energy producer’s stock valued at $302,000 after buying an additional 14,150 shares during the period. Alambic Investment Management L.P. increased its stake in Midstates Petroleum by 83.3% in the first quarter. Alambic Investment Management L.P. now owns 22,542 shares of the energy producer’s stock valued at $416,000 after buying an additional 10,242 shares during the period. Russell Investments Group Ltd. purchased a new stake in Midstates Petroleum during the fourth quarter valued at $552,000. Franklin Resources Inc. purchased a new stake in Midstates Petroleum during the fourth quarter valued at $640,000. Finally, Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in Midstates Petroleum during the fourth quarter valued at $1,081,000. 93.77% of the stock is currently owned by institutional investors.
Midstates Petroleum Co. (MPO) traded up 0.21% during midday trading on Friday, hitting $14.53. The company had a trading volume of 56,309 shares. The firm’s 50 day moving average is $17.23 and its 200-day moving average is $19.26. Midstates Petroleum Co. has a 52 week low of $14.25 and a 52 week high of $25.00.
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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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