Spo Advisory Corp Decreased Its Stake in Laredo Petroleum INC (LPI) as Shares Declined

November 10, 2018 - By Clara Lewis

Laredo Petroleum, Inc. (NYSE:LPI) Corporate LogoBig Money Sentiment decreased to 1.27 in 2018 Q2. It has change of 0.16, from 2018Q1’s 1.43. The ratio dropped due to LPI positioning: 30 sold and 36 reduced. 29 funds bought positions and 55 increased positions. Investors holded 242.41 million in 2018Q1 but now own 254.15 million shares or 4.84% more. Millennium Management Limited Liability Company holds 0.06% of its capital in Laredo Petroleum, Inc. (NYSE:LPI) for 4.84M shs. Ameriprise Financial invested in 0% or 719,597 shs. Cim Inv Mangement reported 24,356 shs stake. Gsa Capital Prtn Limited Liability Partnership holds 10,200 shs. Moreover, Us Fincl Bank De has 0% invested in Laredo Petroleum, Inc. (NYSE:LPI). Jbf Capital invested in 0.01% or 10,000 shs. First Limited Partnership has invested 0.01% in Laredo Petroleum, Inc. (NYSE:LPI). Nordea Investment Management Ab owns 0.01% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 376,329 shs. 22,031 are held by Amalgamated Natl Bank. 295,600 are owned by Swiss Commercial Bank. Piedmont Invest Ltd Liability Com accumulated 2,701 shs or 0% of the stock. Barclays Public Ltd Com holds 0% or 12,824 shs. Moreover, Fmr Ltd Llc has 0% invested in Laredo Petroleum, Inc. (NYSE:LPI). Metropolitan Life Ny owns 51,369 shs. Key Group Inc (Cayman) Limited stated it has 0.91% in Laredo Petroleum, Inc. (NYSE:LPI).

The holdings In Laredo Petroleum Inc (LPI) was reduced owned by Spo Advisory Corp. According to 2018Q2 SEC filling the decrease is 34.43%. 7.30M shares were sold by Spo Advisory Corp as the company’s stock declined 2.76% while stock markets rallied. The energy company announced $133.77M value for the 2018Q2. Now the hedge fund is holding 13.91 million shares, compared to the 21.21 million from the previous quarter. $1.29 billion is Laredo Petroleum Inc’s market cap. LPI is touching $5.6 during the last trading session, after decreased 4.27%.Currently Laredo Petroleum, Inc. is downtrending after 30.66% change in last November 10, 2017. LPI has also 5.59M shares volume. LPI underperformed the S&P500 by 46.28%.

About $4.75B US Long portfolio Spo Advisory Corp manages. Its stake in Facebook Inc (NASDAQ:FB) was upped by 1.26M shares to 1.96 million shares valued at $379.99 million in 2018Q2, according to the filing. For a total of 1.05M shares it increased its holding in Transdigm Group Inc (NYSE:TDG) by 151,100 shares in the quarter, and has risen its stake in Zillow Group Inc.

There’s a substantial Laredo Petroleum, Inc. (NYSE:LPI) news brought out by Seekingalpha.com. It’s an article titled: “More on Laredo Petroleum Q3 results” on November 06, 2018.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

In total 2 analysts cover Laredo Petroleum (NYSE:LPI). “Buy” rating has 0, “Sell” are 1, while 1 are “Hold”. (NYSE:LPI) has 0 bullish analysts. 2 are the (NYSE:LPI)’s ratings reports on Nov 10, 2018 according to StockzIntelligence Inc. On Monday, May 21 the firm earned “Hold” rating by Williams Capital Group. The stock rating was maintained by Bank of America with “Underperform” on Thursday, August 2.

Laredo Petroleum, Inc. (NYSE:LPI) Institutional Investors Chart

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