Rothschild Investment Corp IL acquired a new position in Laredo Petroleum, Inc. (NYSE:LPI – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,430 shares of the oil and gas producer's stock, valued at approximately $512,000.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of Laredo Petroleum by 10.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 10,982 shares of the oil and gas producer's stock valued at $757,000 after buying an additional 1,010 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Laredo Petroleum by 79.9% during the 1st quarter. Bank of America Corp DE now owns 201,314 shares of the oil and gas producer's stock valued at $15,932,000 after buying an additional 89,425 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Laredo Petroleum during the 1st quarter valued at approximately $1,829,000. Range Financial Group LLC purchased a new position in shares of Laredo Petroleum during the 1st quarter valued at approximately $326,000. Finally, Portolan Capital Management LLC lifted its position in shares of Laredo Petroleum by 201.8% during the 1st quarter. Portolan Capital Management LLC now owns 213,150 shares of the oil and gas producer's stock valued at $16,869,000 after buying an additional 142,514 shares in the last quarter. Hedge funds and other institutional investors own 77.39% of the company's stock.

Insiders Place Their Bets

In other Laredo Petroleum news, CFO Bryan Lemmerman sold 10,522 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $62.84, for a total value of $661,202.48. Following the completion of the sale, the chief financial officer now directly owns 61,113 shares of the company's stock, valued at approximately $3,840,340.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Laredo Petroleum news, CEO M. Jason Pigott sold 3,750 shares of the firm's stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $69.88, for a total value of $262,050.00. Following the completion of the sale, the chief executive officer now directly owns 114,407 shares of the company's stock, valued at approximately $7,994,761.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan Lemmerman sold 10,522 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $62.84, for a total value of $661,202.48. Following the completion of the sale, the chief financial officer now directly owns 61,113 shares of the company's stock, valued at $3,840,340.92. The disclosure for this sale can be found here. Insiders sold 15,281 shares of company stock valued at $995,921 in the last three months. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Laredo Petroleum Stock Down 2.3 %

NYSE LPI opened at $65.42 on Wednesday. The business has a fifty day moving average price of $73.66 and a 200 day moving average price of $76.57. Laredo Petroleum, Inc. has a one year low of $51.22 and a one year high of $120.86. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $1.13 billion, a P/E ratio of 2.07 and a beta of 3.52.

Laredo Petroleum Profile

(Get Rating)

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 sells oil, natural gas liquids, and natural gas. As of December 31, 2021, it had assembled 166,064 net acres in the Permian Basin; and had total proved undeveloped reserves of 86,592 thousand barrels of oil equivalent.

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