D. E. Shaw & Co. Inc. Lowers Position in Laredo Petroleum, Inc. (LPI)

D. E. Shaw & Co. Inc. lowered its stake in shares of Laredo Petroleum, Inc. (NYSE:LPI) by 33.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,712 shares of the company’s stock after selling 274,794 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.23% of Laredo Petroleum worth $7,065,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LPI. Sei Investments Co. raised its position in Laredo Petroleum by 474.0% in the third quarter. Sei Investments Co. now owns 277,632 shares of the company’s stock valued at $3,581,000 after buying an additional 229,265 shares during the last quarter. Bank of Montreal Can raised its position in Laredo Petroleum by 1.0% in the third quarter. Bank of Montreal Can now owns 992,597 shares of the company’s stock valued at $12,804,000 after buying an additional 10,106 shares during the last quarter. Quantbot Technologies LP bought a new position in Laredo Petroleum during the third quarter valued at $909,000. Vaughan Nelson Investment Management L.P. raised its position in Laredo Petroleum by 20.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,664,525 shares of the company’s stock valued at $73,073,000 after buying an additional 946,000 shares during the last quarter. Finally, Henderson Group PLC raised its position in Laredo Petroleum by 127.8% in the third quarter. Henderson Group PLC now owns 112,808 shares of the company’s stock valued at $1,455,000 after buying an additional 63,278 shares during the last quarter.

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

Shares of Laredo Petroleum, Inc. (NYSE:LPI) traded up 3.19% on Friday, hitting $14.25. 2,361,744 shares of the stock traded hands. Laredo Petroleum, Inc. has a 52-week low of $3.90 and a 52-week high of $16.47. The firm’s market cap is $3.39 billion. The firm has a 50 day moving average price of $14.03 and a 200 day moving average price of $13.10.

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LPI has been the topic of several recent research reports. Credit Suisse Group upped their price objective on shares of Laredo Petroleum from $10.00 to $12.00 and gave the company an “underperform” rating in a report on Tuesday, January 31st. Drexel Hamilton initiated coverage on shares of Laredo Petroleum in a report on Thursday, December 15th. They set a “buy” rating and a $18.75 price objective on the stock. Barclays PLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of Laredo Petroleum in a report on Wednesday, November 16th. SunTrust Banks, Inc. raised shares of Laredo Petroleum from a “hold” rating to a “buy” rating in a report on Friday, January 20th. Finally, Zacks Investment Research downgraded shares of Laredo Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.41.

Laredo Petroleum Company Profile

Laredo Petroleum, Inc (Laredo) is an independent energy company focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. The Company’s segments include Exploration and production, and Midstream and marketing.

5 Day Chart for NYSE:LPI

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