Rhumbline Advisers Acquires 6,553 Shares of Midstates Petroleum Company Inc (NYSE:MPO)

Rhumbline Advisers lifted its holdings in Midstates Petroleum Company Inc (NYSE:MPO) by 42.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,933 shares of the energy producer’s stock after acquiring an additional 6,553 shares during the period. Rhumbline Advisers owned approximately 0.09% of Midstates Petroleum worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of MPO. Ancora Advisors LLC boosted its stake in shares of Midstates Petroleum by 13.0% in the 3rd quarter. Ancora Advisors LLC now owns 514,538 shares of the energy producer’s stock worth $4,585,000 after buying an additional 59,063 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Midstates Petroleum by 31.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 472,982 shares of the energy producer’s stock worth $4,214,000 after buying an additional 114,167 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Midstates Petroleum by 18.9% in the 3rd quarter. Renaissance Technologies LLC now owns 445,400 shares of the energy producer’s stock worth $3,969,000 after buying an additional 70,900 shares during the last quarter. Bridgeway Capital Management Inc. purchased a new position in shares of Midstates Petroleum in the 3rd quarter worth approximately $1,909,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Midstates Petroleum by 8.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 124,147 shares of the energy producer’s stock worth $1,107,000 after buying an additional 9,563 shares during the last quarter.

Shares of NYSE:MPO traded up $0.20 during mid-day trading on Friday, reaching $11.29. The company had a trading volume of 288,395 shares, compared to its average volume of 194,907. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $230.47 million, a PE ratio of 5.25 and a beta of 1.61. Midstates Petroleum Company Inc has a one year low of $6.22 and a one year high of $15.00.

Midstates Petroleum (NYSE:MPO) last posted its quarterly earnings results on Wednesday, March 13th. The energy producer reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.77. Midstates Petroleum had a net margin of 23.24% and a return on equity of 10.77%. The company had revenue of $69.64 million for the quarter.

In other Midstates Petroleum news, major shareholder Fir Tree Capital Management Lp sold 1,706,949 shares of the business’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $10.00, for a total transaction of $17,069,490.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

A number of equities analysts have recently weighed in on MPO shares. ValuEngine downgraded Midstates Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. TheStreet upgraded Midstates Petroleum from a “d+” rating to a “c-” rating in a research note on Monday, April 15th.

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About Midstates Petroleum

Midstates Petroleum Company, Inc engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. The company's operations are primarily focused on exploration and production activities in the Mississippian Lime. As of December 31, 2018, its assets consisted of approximately 102,198 net acres in the Mississippian Lime trend in Woods and Alfalfa counties of Oklahoma.

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Institutional Ownership by Quarter for Midstates Petroleum (NYSE:MPO)

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