The American Century Companies Inc. Has $1.23 Million Position in Laredo Petroleum Inc (LPI)

The American Century Companies Inc. Has $1.23 Million Position in Laredo Petroleum Inc (LPI)

A number of other institutional investors have also added to or reduced their stakes in the company. Tyers Asset Management LLC acquired a new position in Laredo Petroleum during the first quarter worth approximately $167,000. Channing Capital Management LLC increased its position in Laredo Petroleum by 1.3% in the first quarter. Channing Capital Management LLC now owns 2,243,314 shares of the oil and gas producer’s stock worth $32,752,000 after buying an additional 27,792 shares in the last quarter. Jennison Associates LLC increased its position in Laredo Petroleum by 67.4% in the first quarter. Jennison Associates LLC now owns 3,023,757 shares of the oil and gas producer’s stock worth $44,147,000 after buying an additional 1,217,421 shares in the last quarter. Russell Investments Group Ltd. increased its position in Laredo Petroleum by 16,137.4% in the first quarter. Russell Investments Group Ltd. now owns 34,261 shares of the oil and gas producer’s stock worth $500,000 after buying an additional 34,050 shares in the last quarter. Finally, Strs Ohio increased its position in Laredo Petroleum by 86.6% in the first quarter. Strs Ohio now owns 177,750 shares of the oil and gas producer’s stock worth $2,595,000 after buying an additional 82,500 shares in the last quarter.

American Century Companies Inc. raised its position in Laredo Petroleum Inc (NYSE:LPI) by 381.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,554 shares of the oil and gas producer’s stock after buying an additional 66,992 shares during the period. American Century Companies Inc.’s holdings in Laredo Petroleum were worth $1,234,000 at the end of the most recent reporting period.

Shares of Laredo Petroleum Inc (LPI) opened at 11.54 on Monday. Laredo Petroleum Inc has a 52 week low of $9.20 and a 52 week high of $16.47. The company’s 50 day moving average is $12.61 and its 200-day moving average is $13.74. The company’s market capitalization is $2.76 billion.

Laredo Petroleum (NYSE:LPI) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $189 million during the quarter, compared to analyst estimates of $164.39 million. Laredo Petroleum had a positive return on equity of 123.07% and a negative net margin of 225.04%. Laredo Petroleum’s revenue for the quarter was up 77.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. On average, analysts expect that Laredo Petroleum Inc will post $0.54 EPS for the current fiscal year.

A number of equities research analysts have issued reports on LPI shares. Credit Suisse Group AG reiterated an “underperform” rating and issued a $15.00 target price on shares of Laredo Petroleum in a research note on Friday. JPMorgan Chase & Co. cut their target price on Laredo Petroleum from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 31st. Scotiabank reiterated a “hold” rating and issued a $15.00 target price on shares of Laredo Petroleum in a research note on Monday, May 15th. Stephens upgraded Laredo Petroleum from an “underweight” rating to a “hold” rating in a research note on Monday, May 15th. Finally, FBR & Co reiterated a “buy” rating and issued a $16.00 target price on shares of Laredo Petroleum in a research note on Friday, May 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.04.

In other news, Director Peter Kagan sold 163,207 shares of the company’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $14.34, for a total transaction of $2,340,388.38. Following the transaction, the director now owns 68,006 shares of the company’s stock, valued at $975,206.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Patrick J. Curth sold 43,830 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $14.41, for a total value of $631,590.30. Following the transaction, the vice president now directly owns 232,386 shares in the company, valued at approximately $3,348,682.26. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders. Laredo Petroleum Company Profile

Laredo Petroleum, Inc (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LPI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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