Wells Fargo & Company MN cut its holdings in Geospace Technologies Corporation (NASDAQ:GEOS) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,880 shares of the oil and gas company’s stock after selling 198 shares during the quarter. Wells Fargo & Company MN owned approximately 0.24% of Geospace Technologies Corporation worth $455,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Geospace Technologies Corporation by 9.2% in the first quarter. Vanguard Group Inc. now owns 634,973 shares of the oil and gas company’s stock worth $10,305,000 after acquiring an additional 53,427 shares during the period. Principal Financial Group Inc. lifted its stake in Geospace Technologies Corporation by 4.5% in the first quarter. Principal Financial Group Inc. now owns 102,116 shares of the oil and gas company’s stock worth $1,657,000 after acquiring an additional 4,374 shares during the period. West Coast Financial LLC lifted its stake in Geospace Technologies Corporation by 4.5% in the second quarter. West Coast Financial LLC now owns 43,977 shares of the oil and gas company’s stock worth $608,000 after acquiring an additional 1,889 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Geospace Technologies Corporation by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 49,701 shares of the oil and gas company’s stock worth $688,000 after acquiring an additional 304 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Geospace Technologies Corporation by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 357,941 shares of the oil and gas company’s stock worth $5,809,000 after acquiring an additional 23,618 shares during the period. 76.50% of the stock is owned by institutional investors.

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Shares of Geospace Technologies Corporation (GEOS) opened at $15.11 on Tuesday. Geospace Technologies Corporation has a one year low of $13.08 and a one year high of $24.37.

Separately, ValuEngine raised shares of Geospace Technologies Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd.

About Geospace Technologies Corporation

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables and imaging equipment.

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Institutional Ownership by Quarter for Geospace Technologies Corporation (NASDAQ:GEOS)

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