Connor Clark & Lunn Investment Management Ltd. Takes $3.24 Million Position in Oil Search Limited $OISHY

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Oil Search Limited (OTCMKTS:OISHY) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 404,650 shares of the company’s stock, valued at approximately $3,241,000.

A number of other hedge funds have also modified their holdings of OISHY. BlackRock Inc. acquired a new stake in shares of Oil Search during the second quarter worth $54,614,000. Hara Capital LLC acquired a new position in shares of Oil Search in the 2nd quarter valued at $2,690,000. Deutsche Bank AG purchased a new position in Oil Search in the 2nd quarter worth about $2,482,000. Ieq Capital LLC purchased a new position in Oil Search in the 2nd quarter worth about $866,000. Finally, Quantbot Technologies LP purchased a new position in Oil Search in the 2nd quarter worth about $526,000.

Oil Search Stock Performance

OTCMKTS OISHY opened at $14.13 on Friday. Oil Search Limited has a 1 year low of $13.00 and a 1 year high of $17.51. The stock’s 50-day moving average price is $14.13 and its two-hundred day moving average price is $14.13.

Oil Search Company Profile

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.