New York State Common Retirement Fund decreased its position in Ultra Petroleum Corp (NASDAQ:UPL) by 41.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,200 shares of the company’s stock after selling 67,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Ultra Petroleum were worth $73,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of UPL. FNY Investment Advisers LLC acquired a new stake in Ultra Petroleum in the fourth quarter valued at approximately $38,000. SG Americas Securities LLC acquired a new stake in Ultra Petroleum in the fourth quarter valued at approximately $80,000. Rhumbline Advisers boosted its stake in shares of Ultra Petroleum by 38.0% during the 4th quarter. Rhumbline Advisers now owns 234,865 shares of the company’s stock valued at $178,000 after buying an additional 64,730 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Ultra Petroleum by 72.1% during the 3rd quarter. Hsbc Holdings PLC now owns 866,738 shares of the company’s stock valued at $971,000 after buying an additional 363,074 shares during the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Ultra Petroleum by 35.6% during the 3rd quarter. Paloma Partners Management Co now owns 878,200 shares of the company’s stock valued at $984,000 after buying an additional 230,402 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the company. Stifel Nicolaus set a $1.00 target price on Ultra Petroleum and gave the company a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research upgraded Ultra Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $1.63.

Shares of NASDAQ UPL opened at $0.58 on Wednesday. Ultra Petroleum Corp has a 1-year low of $0.55 and a 1-year high of $3.62. The firm has a market capitalization of $116.99 million, a price-to-earnings ratio of 0.76 and a beta of 0.92.

Ultra Petroleum (NASDAQ:UPL) last issued its earnings results on Thursday, March 7th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. Ultra Petroleum had a negative return on equity of 13.76% and a net margin of 9.55%. The firm had revenue of $273.21 million for the quarter, compared to analyst estimates of $241.40 million. Equities analysts anticipate that Ultra Petroleum Corp will post 0.38 EPS for the current fiscal year.

In related news, insider David W. Honeyfield bought 60,000 shares of the company’s stock in a transaction on Friday, March 29th. The shares were purchased at an average cost of $0.61 per share, with a total value of $36,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is owned by company insiders.

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Ultra Petroleum Company Profile

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest Wyoming—the Pinedale and Jonah fields.

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Institutional Ownership by Quarter for Ultra Petroleum (NASDAQ:UPL)

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