Midstates Petroleum Co. (MPO) Stake Lowered by Ares Management LLC
Ares Management LLC decreased its position in Midstates Petroleum Co. (NYSE:MPO) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,005 shares of the energy producer’s stock after selling 26,403 shares during the quarter. Ares Management LLC’s holdings in Midstates Petroleum were worth $4,434,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in shares of Midstates Petroleum in the second quarter worth about $151,000. Rhumbline Advisers acquired a new position in shares of Midstates Petroleum during the 2nd quarter worth about $155,000. Parametric Portfolio Associates LLC acquired a new position in shares of Midstates Petroleum during the 2nd quarter worth about $198,000. BlueCrest Capital Management Ltd acquired a new position in shares of Midstates Petroleum during the 1st quarter worth about $216,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Midstates Petroleum during the 2nd quarter worth about $216,000. 94.78% of the stock is currently owned by institutional investors.
In other news, major shareholder Centerbridge Credit Partners, sold 230,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $16.00, for a total value of $3,680,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 680,000 shares of company stock worth $10,973,000 over the last 90 days. 1.89% of the stock is owned by company insiders.
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Shares of Midstates Petroleum Co. (NYSE:MPO) traded down 4.308% during mid-day trading on Wednesday, reaching $15.215. The company had a trading volume of 36,194 shares. Midstates Petroleum Co. has a 12 month low of $0.05 and a 12 month high of $25.00. The firm’s 50-day moving average is $15.17 and its 200 day moving average is $15.81.
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 analysts’ consensus estimates of $0.57 by ($0.04). Midstates Petroleum had a net margin of 607.09% and a return on equity of 2,904.50%. The firm had revenue of $60.68 million during the quarter. On average, analysts anticipate that Midstates Petroleum Co. will post $2.37 EPS for the current fiscal year.
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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