Millennium Management LLC cut its position in Chaparral Energy Inc (NYSE:CHAP) by 86.4% during the 4th quarter, Holdings Channel reports. The firm owned 28,982 shares of the company’s stock after selling 184,589 shares during the quarter. Millennium Management LLC’s holdings in Chaparral Energy were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Chaparral Energy in the third quarter worth approximately $356,000. JPMorgan Chase & Co. purchased a new stake in shares of Chaparral Energy in the third quarter worth approximately $16,918,000. Vanguard Group Inc. purchased a new stake in shares of Chaparral Energy in the third quarter worth approximately $6,590,000. Vanguard Group Inc bought a new position in Chaparral Energy in the third quarter worth approximately $6,590,000. Finally, California Public Employees Retirement System bought a new position in Chaparral Energy in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 93.28% of the company’s stock.

Shares of NYSE:CHAP opened at $5.34 on Thursday. Chaparral Energy Inc has a 52-week low of $4.13 and a 52-week high of $21.00. The company has a market capitalization of $259.89 million, a P/E ratio of 17.23 and a beta of 3.72. The company has a current ratio of 0.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42.

Several brokerages recently issued reports on CHAP. Zacks Investment Research cut Chaparral Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. ValuEngine raised Chaparral Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 23rd.

In other news, major shareholder Strategic Value Partners, Llc acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average price of $4.51 per share, with a total value of $4,510,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kermit Earl Reynolds acquired 7,100 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was purchased at an average cost of $5.64 per share, for a total transaction of $40,044.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,236,451 shares of company stock worth $17,123,082.

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Chaparral Energy Profile

Chaparral Energy, Inc engages in the acquisition, exploration, development, production, and operation of onshore oil and natural gas properties primarily in Oklahoma, the United States. The company sells crude oil, natural gas, and natural gas liquids primarily to refineries and gas processing plant.

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Institutional Ownership by Quarter for Chaparral Energy (NYSE:CHAP)

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