California State Teachers Retirement System Takes $3.75 Million Position in Ultra Petroleum Corp (UPL)
California State Teachers Retirement System acquired a new position in shares of Ultra Petroleum Corp (NYSE:UPL) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 345,800 shares of the oil and gas exploration company’s stock, valued at approximately $3,752,000. California State Teachers Retirement System owned about 0.18% of Ultra Petroleum Corp at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. purchased a new stake in Ultra Petroleum Corp in the second quarter valued at about $102,000. Woodstock Corp purchased a new stake in Ultra Petroleum Corp in the second quarter valued at about $112,000. Financial Advisory Group purchased a new stake in Ultra Petroleum Corp in the second quarter valued at about $112,000. Keybank National Association OH purchased a new stake in Ultra Petroleum Corp in the second quarter valued at about $136,000. Finally, Aperio Group LLC purchased a new stake in Ultra Petroleum Corp in the second quarter valued at about $162,000.
Ultra Petroleum Corp (NYSE:UPL) opened at $8.07 on Monday. Ultra Petroleum Corp has a 1-year low of $0.16 and a 1-year high of $8.75.
Ultra Petroleum Corp (NYSE:UPL) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas exploration company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.10). The firm had revenue of $212.66 million during the quarter, compared to analyst estimates of $226.80 million.
In other news, major shareholder Fir Tree Inc. acquired 1,549,899 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were acquired at an average cost of $7.85 per share, with a total value of $12,166,707.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 6,018,620 shares of company stock worth $48,152,106 over the last three months.
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UPL has been the subject of a number of research analyst reports. KLR Group initiated coverage on Ultra Petroleum Corp in a research note on Tuesday, August 29th. They issued a “buy” rating and a $14.00 price target for the company. Zacks Investment Research cut Ultra Petroleum Corp from a “buy” rating to a “strong sell” rating in a research note on Wednesday, August 2nd.
About Ultra Petroleum Corp
Ultra Petroleum Corp. (Ultra) is an oil and gas company. The Company is engaged in the development, production, operation, exploration and acquisition 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, its oil reserves in the Uinta Basin in northeast Utah and its natural gas reserves in the north-central Pennsylvania area of the Appalachian Basin.
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