Paloma Partners Management Co increased its position in shares of EP Energy Corporation (NYSE:EPE) by 1,930.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,510 shares of the energy producer’s stock after buying an additional 662,201 shares during the period. Paloma Partners Management Co owned about 0.27% of EP Energy Corporation worth $3,309,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in EPE. Ronald Blue & Co. LLC raised its stake in EP Energy Corporation by 4.8% in the first quarter. Ronald Blue & Co. LLC now owns 22,289 shares of the energy producer’s stock worth $106,000 after buying an additional 1,024 shares during the period. American International Group Inc. raised its stake in shares of EP Energy Corporation by 7.1% in the first quarter. American International Group Inc. now owns 23,840 shares of the energy producer’s stock valued at $113,000 after buying an additional 1,581 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of EP Energy Corporation during the fourth quarter valued at approximately $168,000. Cigna Investments Inc. New acquired a new stake in shares of EP Energy Corporation during the fourth quarter valued at approximately $180,000. Finally, KCG Holdings Inc. raised its stake in shares of EP Energy Corporation by 24.4% in the first quarter. KCG Holdings Inc. now owns 44,036 shares of the energy producer’s stock valued at $209,000 after buying an additional 8,645 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.
EP Energy Corporation (NYSE:EPE) traded down 6.35% on Tuesday, reaching $3.69. The company had a trading volume of 1,079,846 shares. The firm’s market capitalization is $941.32 million. The company’s 50 day moving average is $4.33 and its 200-day moving average is $5.06. EP Energy Corporation has a one year low of $3.29 and a one year high of $7.49.
Several brokerages recently commented on EPE. Royal Bank Of Canada restated a “buy” rating and set a $8.00 target price on shares of EP Energy Corporation in a research report on Friday, March 31st. Stifel Nicolaus restated a “hold” rating and set a $5.00 target price on shares of EP Energy Corporation in a research report on Friday, May 26th. Citigroup Inc. upgraded EP Energy Corporation from a “sell” rating to a “neutral” rating and upped their target price for the company from $5.00 to $6.00 in a research report on Tuesday, May 9th. BidaskClub lowered EP Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. Finally, FBR & Co set a $5.00 target price on EP Energy Corporation and gave the company a “hold” rating in a research report on Tuesday, May 16th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.13.
In other EP Energy Corporation news, VP Francis C. Olmsted III sold 15,824 shares of EP Energy Corporation stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $4.54, for a total transaction of $71,840.96. Following the sale, the vice president now directly owns 141,964 shares of the company’s stock, valued at approximately $644,516.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
About EP Energy Corporation
EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah).
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