Boston Partners boosted its stake in shares of Jagged Peak Energy Inc. (NYSE:JAG) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 6,136,033 shares of the mining company’s stock after buying an additional 378,822 shares during the period. Boston Partners’ holdings in Jagged Peak Energy were worth $81,916,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Oxford Asset Management purchased a new stake in Jagged Peak Energy during the first quarter valued at $1,337,000. TD Asset Management Inc. purchased a new stake in Jagged Peak Energy during the first quarter valued at $983,000. Wells Fargo & Company MN purchased a new stake in Jagged Peak Energy during the first quarter valued at $757,000. Marshall Wace North America L.P. purchased a new stake in Jagged Peak Energy during the first quarter valued at $1,040,000. Finally, UBS Oconnor LLC purchased a new stake in Jagged Peak Energy during the first quarter valued at $7,634,000. 17.03% of the stock is owned by institutional investors and hedge funds.

Shares of Jagged Peak Energy Inc. (NYSE:JAG) opened at 12.79 on Friday. The firm’s market capitalization is $2.72 billion. Jagged Peak Energy Inc. has a 12-month low of $10.96 and a 12-month high of $15.19. The firm’s 50-day moving average is $13.48 and its 200-day moving average is $13.09.

Jagged Peak Energy (NYSE:JAG) last released its quarterly earnings data on Wednesday, August 9th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.03. The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $55.12 million. The firm’s quarterly revenue was up 175.1% compared to the same quarter last year. Equities research analysts forecast that Jagged Peak Energy Inc. will post $0.08 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on JAG shares. Scotiabank reaffirmed a “hold” rating on shares of Jagged Peak Energy in a research report on Monday, April 24th. Credit Suisse Group reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Jagged Peak Energy in a research report on Friday, June 2nd. Royal Bank Of Canada set a $19.00 price objective on shares of Jagged Peak Energy and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research raised shares of Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, KLR Group started coverage on shares of Jagged Peak Energy in a research report on Monday, June 19th. They set a “buy” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Jagged Peak Energy presently has an average rating of “Buy” and an average target price of $17.75.

About Jagged Peak Energy

Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.

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Institutional Ownership by Quarter for Jagged Peak Energy (NYSE:JAG)

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