Rhumbline Advisers grew its stake in shares of Jagged Peak Energy Inc (NYSE:JAG) by 47.5% during the 4th quarter, HoldingsChannel reports. The firm owned 86,055 shares of the mining company’s stock after acquiring an additional 27,717 shares during the period. Rhumbline Advisers’ holdings in Jagged Peak Energy were worth $785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Jagged Peak Energy in the 3rd quarter worth about $105,000. Marshall Wace North America L.P. purchased a new stake in shares of Jagged Peak Energy in the 3rd quarter worth about $225,000. Wakefield Asset Management LLLP purchased a new stake in shares of Jagged Peak Energy in the 3rd quarter worth about $284,000. State Board of Administration of Florida Retirement System boosted its position in shares of Jagged Peak Energy by 37.1% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 24,580 shares of the mining company’s stock worth $340,000 after buying an additional 6,654 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Jagged Peak Energy by 56.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,022 shares of the mining company’s stock worth $512,000 after buying an additional 13,311 shares in the last quarter. Institutional investors own 29.44% of the company’s stock.

In other news, insider Shonn D. Stahlecker sold 2,661 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $10.82, for a total transaction of $28,792.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shonn D. Stahlecker sold 8,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $10.76, for a total transaction of $86,080.00. Following the transaction, the insider now directly owns 428,368 shares of the company’s stock, valued at approximately $4,609,239.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,677 shares of company stock valued at $694,865. Corporate insiders own 1.50% of the company’s stock.

Shares of JAG stock opened at $10.16 on Friday. Jagged Peak Energy Inc has a twelve month low of $8.47 and a twelve month high of $14.98. The stock has a market capitalization of $2.17 billion, a P/E ratio of 15.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.07 and a quick ratio of 1.07.

Several brokerages recently weighed in on JAG. Cowen began coverage on shares of Jagged Peak Energy in a research note on Thursday, November 29th. They issued a “market perform” rating for the company. MKM Partners began coverage on shares of Jagged Peak Energy in a research note on Wednesday, December 5th. They issued a “buy” rating and a $15.00 target price for the company. JPMorgan Chase & Co. set a $13.00 target price on shares of Jagged Peak Energy and gave the company a “buy” rating in a research note on Friday, December 7th. Evercore ISI downgraded shares of Jagged Peak Energy from an “outperform” rating to an “in-line” rating in a research note on Monday, December 10th. Finally, KeyCorp began coverage on shares of Jagged Peak Energy in a research note on Thursday, December 20th. They issued a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Jagged Peak Energy has an average rating of “Hold” and an average target price of $15.07.

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About Jagged Peak Energy

Jagged Peak Energy Inc operates as an independent oil and natural gas company. The company focuses on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware basin, a sub-basin of the Permian basin of West Texas. As of December 31, 2016, it held an 86% average working interest in approximately 75,200 net acres with an estimated net proved reserves of 82,358 thousand barrel of oil equivalent, as well as owned a 94% average working interest in 94 net productive wells.

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

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