Dimensional Fund Advisors LP Has $2.86 Million Stake in Ultra Petroleum Corp (UPL)

Dimensional Fund Advisors LP reduced its holdings in shares of Ultra Petroleum Corp (NASDAQ:UPL) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 3,759,491 shares of the company’s stock after selling 35,178 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ultra Petroleum were worth $2,857,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Ultra Petroleum by 3.1% in the 4th quarter. BlackRock Inc. now owns 12,266,878 shares of the company’s stock valued at $9,326,000 after purchasing an additional 370,548 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ultra Petroleum by 57.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,342,209 shares of the company’s stock valued at $1,503,000 after purchasing an additional 488,690 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Ultra Petroleum by 46.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,273,364 shares of the company’s stock valued at $968,000 after purchasing an additional 406,626 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Ultra Petroleum by 38.0% in the 4th quarter. Rhumbline Advisers now owns 234,865 shares of the company’s stock valued at $178,000 after purchasing an additional 64,730 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Ultra Petroleum in the 4th quarter valued at about $80,000. 75.35% of the stock is owned by institutional investors and hedge funds.

UPL opened at $0.43 on Monday. The company has a market cap of $84.76 million, a price-to-earnings ratio of 0.57 and a beta of 0.92. Ultra Petroleum Corp has a 52 week low of $0.41 and a 52 week high of $2.74.

Ultra Petroleum (NASDAQ:UPL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04. The firm had revenue of $273.21 million during the quarter, compared to the consensus estimate of $241.40 million. Ultra Petroleum had a negative return on equity of 13.76% and a net margin of 9.55%. As a group, equities research analysts predict that Ultra Petroleum Corp will post 0.38 earnings per share for the current year.

Several analysts have recently weighed in on the company. Stifel Nicolaus set a $1.00 target price on Ultra Petroleum and gave the company a “hold” rating in a report on Wednesday, February 20th. Zacks Investment Research raised Ultra Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.63.

In related news, insider David W. Honeyfield acquired 60,000 shares of Ultra Petroleum stock in a transaction on Friday, March 29th. The stock was purchased at an average cost of $0.61 per share, with a total value of $36,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider J. Jay Jr. Stratton acquired 80,000 shares of Ultra Petroleum stock in a transaction on Thursday, April 11th. The shares were bought at an average cost of $0.55 per share, with a total value of $44,000.00. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

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About Ultra Petroleum

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming—the Pinedale and Jonah fields.

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Institutional Ownership by Quarter for Ultra Petroleum (NASDAQ:UPL)

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