Schwab Charles Investment Management Inc. grew its stake in shares of Midstates Petroleum Company Inc (NYSE:MPO) by 43.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 36,377 shares of the energy producer’s stock after purchasing an additional 11,000 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Midstates Petroleum were worth $496,000 as of its most recent SEC filing.

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

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

NYSE MPO opened at $8.25 on Friday. Midstates Petroleum Company Inc has a one year low of $8.01 and a one year 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. The stock has a market capitalization of $209.13 million, a PE ratio of 12.74 and a beta of 0.91.

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

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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