Philip R. Houchin Purchases 25,000 Shares of Mid-Con Energy Partners LP (MCEP) Stock
Mid-Con Energy Partners LP (NASDAQ:MCEP) CFO Philip R. Houchin bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $1.05 per share, for a total transaction of $26,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Mid-Con Energy Partners stock traded up $0.05 during trading on Wednesday, reaching $1.06. 54,310 shares of the stock traded hands, compared to its average volume of 116,297. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.56 and a current ratio of 0.56. Mid-Con Energy Partners LP has a 52-week low of $0.92 and a 52-week high of $2.52.
A hedge fund recently raised its stake in Mid-Con Energy Partners stock. RR Advisors LLC boosted its position in Mid-Con Energy Partners LP (NASDAQ:MCEP) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,901,000 shares of the oil and gas producer’s stock after purchasing an additional 143,000 shares during the period. Mid-Con Energy Partners makes up approximately 0.4% of RR Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. RR Advisors LLC owned approximately 9.57% of Mid-Con Energy Partners worth $4,381,000 at the end of the most recent quarter. 11.91% of the stock is owned by hedge funds and other institutional investors.
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About Mid-Con Energy Partners
Mid-Con Energy Partners, LP engages in the ownership, acquisition, and development of producing oil and natural gas properties in North America. The company's properties are primarily located in the Mid-Continent and Permian Basin regions of the United States in Oklahoma and Texas. As of December 31, 2017, its total estimated proved reserves of approximately 19.6 million barrel of oil equivalent.
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