Nationwide Fund Advisors Acquires New Holdings in Midstates Petroleum Co. (MPO)
Nationwide Fund Advisors acquired a new position in Midstates Petroleum Co. (NYSE:MPO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,537 shares of the energy producer’s stock, valued at approximately $438,000.
Several other hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth approximately $216,000. TIAA CREF Investment Management LLC acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth approximately $524,000. Teachers Advisors LLC acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth approximately $255,000. JPMorgan Chase & Co. acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth approximately $1,287,000. Finally, Swiss National Bank acquired a new position in shares of Midstates Petroleum in the 2nd quarter worth approximately $237,000. Hedge funds and other institutional investors own 94.88% of the company’s stock.
Midstates Petroleum Co. (NYSE MPO) opened at $16.71 on Monday. The company has a current ratio of 2.21, a quick ratio of 2.21 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.
Midstates Petroleum (NYSE:MPO) last issued its quarterly earnings data on Tuesday, August 8th. The energy producer reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). Midstates Petroleum had a return on equity of 2,904.50% and a net margin of 607.09%. The company had revenue of $60.68 million during the quarter.
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In related news, major shareholder Cayman Gp Ltd. Cscp II sold 149,531 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Centerbridge Credit Partners, sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $16.00, for a total transaction of $3,680,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,268,231 shares of company stock worth $20,343,415. Company insiders own 1.89% of the company’s stock.
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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