CoreCommodity Management LLC Sells 114,725 Shares of Enerplus Corp (ERF)
CoreCommodity Management LLC cut its holdings in shares of Enerplus Corp (NYSE:ERF) (TSE:ERF) by 66.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,162 shares of the oil and natural gas company’s stock after selling 114,725 shares during the quarter. CoreCommodity Management LLC’s holdings in Enerplus were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Brown Advisory Inc. lifted its holdings in shares of Enerplus by 52.4% in the third quarter. Brown Advisory Inc. now owns 92,992 shares of the oil and natural gas company’s stock worth $1,148,000 after buying an additional 31,970 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Enerplus by 2.4% in the third quarter. Swiss National Bank now owns 434,355 shares of the oil and natural gas company’s stock worth $5,344,000 after buying an additional 10,300 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Enerplus by 36.8% in the third quarter. Rafferty Asset Management LLC now owns 20,179 shares of the oil and natural gas company’s stock worth $249,000 after buying an additional 5,428 shares in the last quarter. CWM Advisors LLC purchased a new stake in shares of Enerplus in the fourth quarter worth about $86,000. Finally, TD Asset Management Inc. lifted its holdings in shares of Enerplus by 23.7% in the fourth quarter. TD Asset Management Inc. now owns 4,701,332 shares of the oil and natural gas company’s stock worth $36,556,000 after buying an additional 902,108 shares in the last quarter. 56.18% of the stock is currently owned by hedge funds and other institutional investors.
ERF stock opened at $8.18 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.96 billion, a P/E ratio of 7.50 and a beta of 1.64. Enerplus Corp has a 1-year low of $6.84 and a 1-year high of $13.87.
The business also recently disclosed a monthly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were given a $0.008 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.17%. This is a boost from Enerplus’s previous monthly dividend of $0.01. The ex-dividend date of this dividend was Wednesday, February 27th. Enerplus’s dividend payout ratio is 8.26%.
ERF has been the topic of a number of recent analyst reports. SunTrust Banks set a $15.00 price target on shares of Enerplus and gave the stock a “buy” rating in a report on Tuesday, November 27th. Zacks Investment Research raised shares of Enerplus from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Raymond James restated a “buy” rating and issued a $25.50 price objective on shares of Enerplus in a research report on Monday, December 3rd. ValuEngine cut shares of Enerplus from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 6th. Finally, Capital One Financial cut shares of Enerplus from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.17.
Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Its crude oil properties are located in the Fort Berthold region of North Dakota and the Elm Coulee field in Richland County, Montana; and crude oil Waterfloods in Alberta and Saskatchewan, Canada.
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