WINTON GROUP Ltd bought a new position in Laredo Petroleum Inc (NYSE:LPI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 35,996 shares of the oil and gas producer’s stock, valued at approximately $104,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Laredo Petroleum by 2.8% in the 4th quarter. BlackRock Inc. now owns 23,586,126 shares of the oil and gas producer’s stock worth $85,382,000 after purchasing an additional 641,490 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Laredo Petroleum by 15.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,125,338 shares of the oil and gas producer’s stock worth $36,654,000 after purchasing an additional 1,330,494 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Laredo Petroleum by 171.2% in the 4th quarter. Bank of New York Mellon Corp now owns 5,602,765 shares of the oil and gas producer’s stock worth $20,282,000 after purchasing an additional 3,537,075 shares in the last quarter. Norges Bank acquired a new position in Laredo Petroleum in the 4th quarter worth about $11,611,000. Finally, Northern Trust Corp increased its holdings in Laredo Petroleum by 1.2% in the 4th quarter. Northern Trust Corp now owns 1,993,735 shares of the oil and gas producer’s stock worth $7,218,000 after purchasing an additional 23,566 shares in the last quarter. 96.56% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Carvana from $65.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Williams Capital raised Laredo Petroleum from a “hold” rating to a “buy” rating and increased their price target for the company from $4.00 to $5.50 in a research note on Thursday, May 16th. Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, July 10th. Finally, Credit Suisse Group raised Laredo Petroleum from an “underperform” rating to a “neutral” rating and set a $2.83 price target for the company in a research note on Tuesday, July 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.51.

Shares of LPI stock traded up $0.04 on Tuesday, hitting $2.87. The company had a trading volume of 120,554 shares, compared to its average volume of 4,787,773. The stock has a market cap of $695.47 million, a price-to-earnings ratio of 3.09 and a beta of 1.47. The company’s 50-day moving average price is $2.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.85 and a current ratio of 0.85. Laredo Petroleum Inc has a twelve month low of $2.40 and a twelve month high of $9.81.

Laredo Petroleum (NYSE:LPI) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Laredo Petroleum had a return on equity of 17.30% and a net margin of 21.68%. The business had revenue of $208.95 million during the quarter, compared to analysts’ expectations of $198.64 million. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue was down 19.5% on a year-over-year basis. As a group, analysts expect that Laredo Petroleum Inc will post 0.73 EPS for the current fiscal year.

About Laredo Petroleum

Laredo Petroleum, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company also provides midstream and marketing services comprising transportation and marketing of oil and natural gas; and natural gas lift systems, crude oil and natural gas gathering, and water delivery and takeaway services.

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Institutional Ownership by Quarter for Laredo Petroleum (NYSE:LPI)

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