Gran Tierra Energy Inc (GTE) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank boosted its position in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,891,616 shares of the company’s stock after purchasing an additional 23,195 shares during the period. Toronto Dominion Bank owned about 1.49% of Gran Tierra Energy worth $13,084,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GMT Capital Corp increased its position in Gran Tierra Energy by 12.7% during the second quarter. GMT Capital Corp now owns 48,839,100 shares of the company’s stock worth $104,570,000 after buying an additional 5,491,900 shares in the last quarter. Vanguard Group Inc. increased its position in Gran Tierra Energy by 10.6% during the first quarter. Vanguard Group Inc. now owns 9,383,209 shares of the company’s stock worth $24,772,000 after buying an additional 898,590 shares in the last quarter. Alliancebernstein L.P. increased its position in Gran Tierra Energy by 2.2% during the second quarter. Alliancebernstein L.P. now owns 6,881,657 shares of the company’s stock worth $15,415,000 after buying an additional 150,199 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Gran Tierra Energy by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,471,070 shares of the company’s stock worth $7,695,000 after buying an additional 99,228 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its position in Gran Tierra Energy by 15.4% during the second quarter. Marshall Wace North America L.P. now owns 2,668,673 shares of the company’s stock worth $5,337,000 after buying an additional 356,718 shares in the last quarter.
Gran Tierra Energy Inc (TSE GTE) traded up 0.37% during midday trading on Monday, hitting $2.68. The stock had a trading volume of 33,537 shares. Gran Tierra Energy Inc has a one year low of $2.41 and a one year high of $4.40. The firm has a 50 day moving average price of $2.67 and a 200 day moving average price of $2.99. The stock’s market cap is $1.06 billion.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its earnings results on Thursday, August 3rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.06). Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. The firm had revenue of C$96.13 million for the quarter, compared to analyst estimates of C$99.95 million. Equities analysts expect that Gran Tierra Energy Inc will post $0.06 EPS for the current year.
In related news, Director Brooke N. Wade purchased 242,600 shares of the stock in a transaction dated Friday, September 29th. The shares were acquired at an average cost of C$2.31 per share, for a total transaction of C$560,406.00. Following the acquisition, the director now directly owns 242,600 shares in the company, valued at approximately C$560,406. Also, insider Gmt Capital Corp purchased 22,700 shares of the stock in a transaction dated Monday, August 14th. The shares were bought at an average price of C$2.19 per share, for a total transaction of C$49,713.00. Over the last three months, insiders have acquired 338,100 shares of company stock worth $760,048.
GTE has been the subject of several recent research reports. Zacks Investment Research raised Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 price target for the company in a research report on Tuesday, July 18th. Eight Capital dropped their price target on Gran Tierra Energy from C$6.50 to C$5.25 in a research report on Wednesday, September 27th. Finally, Scotiabank reissued a “buy” rating and set a C$5.50 price target on shares of Gran Tierra Energy in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$4.88.
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About Gran Tierra Energy
Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.
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