Schwab Charles Investment Management Inc. Raises Stake in Midstates Petroleum Company Inc (MPO)

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Schwab Charles Investment Management Inc. grew its holdings in Midstates Petroleum Company Inc (NYSE:MPO) by 43.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,377 shares of the energy producer’s stock after acquiring an additional 11,000 shares during the period. Schwab Charles Investment Management Inc. owned about 0.14% of Midstates Petroleum worth $496,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can purchased a new position in shares of Midstates Petroleum in the 2nd quarter valued at $159,000. Engineers Gate Manager LP acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $160,000. Brave Asset Management Inc. acquired a new stake in Midstates Petroleum during the 2nd quarter valued at $205,000. Rhumbline Advisers grew its holdings in Midstates Petroleum by 46.3% during the 2nd quarter. Rhumbline Advisers now owns 15,087 shares of the energy producer’s stock valued at $205,000 after purchasing an additional 4,777 shares in the last quarter. Finally, Element Capital Management LLC acquired a new stake in Midstates Petroleum during the 1st quarter valued at $215,000. 98.18% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised shares of Midstates Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th.

MPO opened at $8.25 on Friday. The firm has a market cap of $209.13 million, a P/E ratio of 12.74 and a beta of 0.91. Midstates Petroleum Company Inc has a twelve month low of $8.01 and a twelve month high of $19.03. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.06.

Midstates Petroleum (NYSE:MPO) last released its quarterly earnings results on Thursday, August 2nd. The energy producer reported $0.18 earnings per share for the quarter. The business had revenue of $42.32 million during the quarter. Midstates Petroleum had a negative net margin of 59.15% and a positive return on equity of 2.00%.

Midstates Petroleum Profile

Midstates Petroleum Co, Inc is an exploration and production company, which engages in the application of modern drilling and completion techniques in oil and liquids-rich basins. It focuses on its operations in the Mississippian Lime and the Anadarko Basin. The company was founded in 1993 and is headquartered in Houston, TX.

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

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