Chicago Equity Partners LLC boosted its position in Laredo Petroleum Inc (NYSE:LPI) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,420 shares of the oil and gas producer’s stock after buying an additional 29,420 shares during the quarter. Chicago Equity Partners LLC’s holdings in Laredo Petroleum were worth $1,278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in LPI. WS Management Lllp raised its position in Laredo Petroleum by 50.8% in the 3rd quarter. WS Management Lllp now owns 5,934,700 shares of the oil and gas producer’s stock valued at $76,736,000 after buying an additional 2,000,000 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Laredo Petroleum by 69.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,082,481 shares of the oil and gas producer’s stock valued at $32,428,000 after buying an additional 1,263,202 shares during the last quarter. Vanguard Group Inc. raised its position in Laredo Petroleum by 7.9% in the 2nd quarter. Vanguard Group Inc. now owns 16,083,332 shares of the oil and gas producer’s stock valued at $169,197,000 after buying an additional 1,176,608 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Laredo Petroleum by 36.8% in the 3rd 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 buying an additional 1,044,525 shares during the last quarter. Finally, State Street Corp raised its position in Laredo Petroleum by 15.9% in the 2nd quarter. State Street Corp now owns 5,810,244 shares of the oil and gas producer’s stock valued at $61,121,000 after buying an additional 799,073 shares during the last quarter.

Laredo Petroleum Inc (NYSE:LPI) opened at $8.67 on Thursday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.64 and a current ratio of 0.64. Laredo Petroleum Inc has a one year low of $8.56 and a one year high of $15.15. The company has a market capitalization of $2,100.00, a P/E ratio of 17.34, a PEG ratio of 1.72 and a beta of 1.21.

A number of research firms have weighed in on LPI. Zacks Investment Research upgraded Laredo Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday, October 17th. Williams Capital raised their price target on Laredo Petroleum from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets decreased their price target on Laredo Petroleum from $14.00 to $11.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. KeyCorp restated a “hold” rating on shares of Laredo Petroleum in a research note on Friday, November 10th. Finally, Barclays decreased their price target on Laredo Petroleum from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company has an average 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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