Northern Trust Corp grew its holdings in shares of HighPoint Resources Corp (NYSE:HPR) by 30.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,494,722 shares of the company’s stock after buying an additional 348,923 shares during the quarter. Northern Trust Corp owned 0.70% of HighPoint Resources worth $9,087,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Penn Capital Management Co. Inc. acquired a new position in HighPoint Resources during the second quarter worth about $100,000. Fox Run Management L.L.C. acquired a new position in HighPoint Resources in the 2nd quarter valued at about $128,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in HighPoint Resources in the 2nd quarter valued at about $128,000. United Services Automobile Association boosted its holdings in HighPoint Resources by 97.6% in the 2nd quarter. United Services Automobile Association now owns 21,089 shares of the company’s stock valued at $128,000 after purchasing an additional 10,414 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in HighPoint Resources in the 2nd quarter valued at about $135,000. Hedge funds and other institutional investors own 98.17% of the company’s stock.
NYSE:HPR traded down $0.17 during trading hours on Wednesday, reaching $3.34. 1,229,301 shares of the company’s stock were exchanged, compared to its average volume of 2,394,840. The stock has a market cap of $692.57 million, a P/E ratio of -8.79 and a beta of 3.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.48 and a quick ratio of 0.48. HighPoint Resources Corp has a 1-year low of $3.20 and a 1-year high of $7.60.
In other HighPoint Resources news, SVP Troy L. Schindler bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was purchased at an average cost of $3.50 per share, for a total transaction of $35,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.
A number of equities research analysts have recently issued reports on HPR shares. ValuEngine downgraded shares of HighPoint Resources from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. TheStreet downgraded shares of HighPoint Resources from a “c-” rating to a “d+” rating in a research note on Monday, October 29th. Seaport Global Securities raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Friday, September 7th. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the stock a “buy” rating in a report on Thursday, September 20th. Finally, BMO Capital Markets set a $6.00 price target on shares of HighPoint Resources and gave the stock a “hold” rating in a report on Sunday, August 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $8.16.
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HighPoint Resources Company Profile
HighPoint Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas resources in the United States. It primarily holds interests in the Northeast Wattenberg and Hereford fields of the Denver Julesburg basin located in the eastern plains of Colorado and parts of southeastern Wyoming.
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