Gran Tierra Energy Inc (GTE) Holdings Cut by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,332,673 shares of the company’s stock after selling 50,536 shares during the period. Vanguard Group Inc. owned approximately 2.36% of Gran Tierra Energy worth $20,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Gran Tierra Energy in the second quarter valued at about $491,000. KCG Holdings Inc. lifted its stake in shares of Gran Tierra Energy by 30.0% in the first quarter. KCG Holdings Inc. now owns 111,290 shares of the company’s stock valued at $294,000 after buying an additional 25,714 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Gran Tierra Energy by 13.5% in the first quarter. OppenheimerFunds Inc. now owns 148,940 shares of the company’s stock valued at $393,000 after buying an additional 17,765 shares during the period. Deltec Asset Management LLC lifted its stake in shares of Gran Tierra Energy by 73.3% in the second quarter. Deltec Asset Management LLC now owns 118,250 shares of the company’s stock valued at $265,000 after buying an additional 50,000 shares during the period. Finally, Parkwood LLC lifted its stake in shares of Gran Tierra Energy by 44.9% in the second quarter. Parkwood LLC now owns 117,743 shares of the company’s stock valued at $264,000 after buying an additional 36,505 shares during the period.

In other news, Director Brooke N. Wade acquired 242,600 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was bought at an average price of C$2.31 per share, with a total value of C$560,406.00. Following the completion of the acquisition, the director now owns 242,600 shares in the company, valued at approximately C$560,406. Also, insider Gmt Capital Corp acquired 14,200 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average cost of C$2.06 per share, with a total value of C$29,252.00. In the last ninety days, insiders have bought 315,400 shares of company stock valued at $710,335.

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Shares of Gran Tierra Energy Inc (TSE GTE) opened at C$2.66 on Wednesday. Gran Tierra Energy Inc has a fifty-two week low of C$2.41 and a fifty-two week high of C$4.36.

Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$103.77 million for the quarter, compared to analyst estimates of C$110.60 million. Gran Tierra Energy had a negative return on equity of 2.76% and a negative net margin of 7.08%. The business’s quarterly revenue was up 51.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.71) EPS.

Several research firms recently issued reports on GTE. Eight Capital dropped their price target on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a research report on Wednesday, September 27th. Scotiabank reissued a “buy” rating and issued a C$5.50 price target on shares of Gran Tierra Energy in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Gran Tierra Energy from a “hold” rating to a “buy” rating and set a C$2.50 price target for the company in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Gran Tierra Energy currently has a consensus rating of “Buy” and an average target price of C$4.88.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

Institutional Ownership by Quarter for Gran Tierra Energy (TSE:GTE)

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