Ieq Capital LLC Invests $866,000 in Oil Search Limited $OISHY

Ieq Capital LLC bought a new stake in Oil Search Limited (OTCMKTS:OISHY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 108,122 shares of the company’s stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. One Wealth Advisors LLC purchased a new position in Oil Search during the second quarter valued at $122,000. GSA Capital Partners LLP bought a new position in shares of Oil Search in the 2nd quarter worth about $249,000. State of Wyoming bought a new position in shares of Oil Search in the 2nd quarter worth about $433,000. Deutsche Bank AG purchased a new position in Oil Search during the 2nd quarter valued at about $2,482,000. Finally, Pallas Capital Advisors LLC bought a new stake in Oil Search during the second quarter worth about $84,000.

Oil Search Stock Performance

Shares of OISHY opened at $14.13 on Friday. Oil Search Limited has a fifty-two week low of $13.00 and a fifty-two week high of $17.51. The firm’s 50-day simple moving average is $14.13 and its two-hundred day simple moving average is $14.13.

About Oil Search

Oil Search Limited is an independent oil and gas exploration and production company focused primarily on Papua New Guinea. The company acquires, explores and develops petroleum resources and holds a diversified portfolio of exploration licenses and production assets. Its activities encompass upstream operations, including seismic surveying, well drilling and field development, as well as midstream responsibilities such as gas processing and transport to domestic and export markets.

A cornerstone of Oil Search’s portfolio is its equity interest in the Papua New Guinea Liquefied Natural Gas (PNG LNG) Project, a long-term liquefaction and export venture operated by a consortium of international partners.