Goldman Sachs Group Inc. lowered its stake in shares of Midstates Petroleum Co. (NYSE:MPO) by 84.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,127 shares of the energy producer’s stock after selling 269,423 shares during the period. Goldman Sachs Group Inc.’s holdings in Midstates Petroleum were worth $610,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund purchased a new position in Midstates Petroleum in the 2nd quarter valued at approximately $151,000. Rhumbline Advisers purchased a new position in Midstates Petroleum in the 2nd quarter valued at approximately $155,000. Parametric Portfolio Associates LLC purchased a new position in Midstates Petroleum in the 2nd quarter valued at approximately $198,000. Ameriprise Financial Inc. purchased a new position in Midstates Petroleum in the 2nd quarter valued at approximately $216,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Midstates Petroleum in the 2nd quarter valued at approximately $227,000. Institutional investors own 94.33% of the company’s stock.
In other news, major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of Midstates Petroleum stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $16.00, for a total transaction of $2,392,496.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Centerbridge Credit Partners, sold 300,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.31, for a total transaction of $4,893,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,268,231 shares of company stock valued at $20,343,415. Insiders own 1.89% of the company’s stock.
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Midstates Petroleum Co. (MPO) opened at $17.28 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.03 and a debt-to-equity ratio of 0.21. Midstates Petroleum Co. has a fifty-two week low of $10.87 and a fifty-two week high of $22.54.
Separately, Noble Financial reissued a “hold” rating on shares of Midstates Petroleum in a report on Thursday, November 16th.
Midstates Petroleum Company 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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