Glendon Capital Management LP held its position in Midstates Petroleum Co. (NYSE:MPO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,249 shares of the energy producer’s stock at the close of the second quarter. Midstates Petroleum accounts for 0.8% of Glendon Capital Management LP’s investment portfolio, making the stock its 20th largest holding. Glendon Capital Management LP’s holdings in Midstates Petroleum were worth $3,171,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System purchased a new position in Midstates Petroleum during the 2nd quarter valued at about $251,000. Cubist Systematic Strategies LLC increased its position in Midstates Petroleum by 6,552.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 19,957 shares of the energy producer’s stock valued at $253,000 after purchasing an additional 19,657 shares during the period. State Street Corp purchased a new position in Midstates Petroleum during the 2nd quarter valued at about $1,777,000. Sound Point Capital Management LP increased its position in Midstates Petroleum by 66.5% during the 2nd quarter. Sound Point Capital Management LP now owns 876,026 shares of the energy producer’s stock valued at $11,099,000 after purchasing an additional 350,000 shares during the period. Finally, OxFORD Asset Management LLP purchased a new position in Midstates Petroleum during the 2nd quarter valued at about $260,000. 94.78% of the stock is currently owned by institutional investors and hedge funds.
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Midstates Petroleum Co. (NYSE MPO) traded down 1.143% on Thursday, reaching $14.275. 33,909 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $15.31 and a 200-day moving average of $15.66. Midstates Petroleum Co. has a one year low of $0.10 and a one year high of $25.00.
Midstates Petroleum (NYSE:MPO) last announced its quarterly earnings results on Tuesday, August 8th. The energy producer reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The company had revenue of $60.68 million during the quarter. Midstates Petroleum had a net margin of 607.09% and a return on equity of 2,904.50%. On average, equities analysts expect that Midstates Petroleum Co. will post $2.37 earnings per share for the current year.
In other Midstates Petroleum news, major shareholder Centerbridge Credit Partners, sold 300,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $16.31, for a total value of $4,893,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 811,700 shares of company stock worth $13,023,569 over the last quarter. 1.89% of the stock is currently 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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