SG Americas Securities LLC lifted its position in shares of Laredo Petroleum Inc (NYSE:LPI) by 40.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,590 shares of the oil and gas producer’s stock after buying an additional 32,044 shares during the period. SG Americas Securities LLC’s holdings in Laredo Petroleum were worth $1,184,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WS Management Lllp boosted its position in Laredo Petroleum by 50.8% during the third quarter. WS Management Lllp now owns 5,934,700 shares of the oil and gas producer’s stock valued at $76,736,000 after purchasing an additional 2,000,000 shares during the last quarter. Vanguard Group Inc. boosted its position in Laredo Petroleum by 7.9% during the second quarter. Vanguard Group Inc. now owns 16,083,332 shares of the oil and gas producer’s stock valued at $169,197,000 after purchasing an additional 1,176,608 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Laredo Petroleum by 36.8% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 3,886,100 shares of the oil and gas producer’s stock valued at $50,247,000 after purchasing an additional 1,044,525 shares during the last quarter. State Street Corp boosted its position in Laredo Petroleum by 15.9% during the second quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock valued at $61,121,000 after purchasing an additional 799,073 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Laredo Petroleum by 55.3% during the third quarter. Prudential Financial Inc. now owns 2,102,969 shares of the oil and gas producer’s stock valued at $27,191,000 after purchasing an additional 748,457 shares during the last quarter.

Shares of Laredo Petroleum Inc (NYSE:LPI) opened at $8.00 on Tuesday. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $1,874.62, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.21. Laredo Petroleum Inc has a 52 week low of $7.49 and a 52 week high of $15.15.

Several research analysts recently commented on LPI shares. Zacks Investment Research cut Laredo Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Credit Suisse Group started coverage on Laredo Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $12.00 price target for the company. Williams Capital increased their price target on Laredo Petroleum from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. BMO Capital Markets reduced their price target on Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a research report on Thursday, November 2nd. Finally, Scotiabank set a $14.00 price target on Laredo Petroleum and gave the company a “hold” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.44.

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About Laredo Petroleum

Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.

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Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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