Rhumbline Advisers raised its stake in HighPoint Resources Corp (NYSE:HPR) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,001 shares of the company’s stock after buying an additional 15,537 shares during the period. Rhumbline Advisers owned about 0.12% of HighPoint Resources worth $1,288,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of HPR. Prudential Financial Inc. lifted its holdings in shares of HighPoint Resources by 10.1% in the third quarter. Prudential Financial Inc. now owns 180,311 shares of the company’s stock worth $880,000 after buying an additional 16,550 shares in the last quarter. American Century Companies Inc. purchased a new stake in HighPoint Resources during the third quarter valued at $370,000. Arizona State Retirement System raised its stake in HighPoint Resources by 10.5% during the third quarter. Arizona State Retirement System now owns 160,227 shares of the company’s stock valued at $782,000 after purchasing an additional 15,183 shares in the last quarter. Russell Investments Group Ltd. raised its stake in HighPoint Resources by 13.5% during the third quarter. Russell Investments Group Ltd. now owns 3,832,155 shares of the company’s stock valued at $18,701,000 after purchasing an additional 454,827 shares in the last quarter. Finally, Northpointe Capital LLC raised its stake in HighPoint Resources by 13.8% during the third quarter. Northpointe Capital LLC now owns 1,573,280 shares of the company’s stock valued at $7,678,000 after purchasing an additional 190,301 shares in the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.
HPR stock opened at $2.46 on Wednesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.62. HighPoint Resources Corp has a twelve month low of $2.44 and a twelve month high of $7.60.
A number of equities research analysts recently issued reports on the stock. Imperial Capital set a $9.00 price target on shares of HighPoint Resources and gave the company a “buy” rating in a research note on Thursday, September 20th. Seaport Global Securities raised shares of HighPoint Resources from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Friday, September 7th. Zacks Investment Research raised shares of HighPoint Resources from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Saturday, October 27th. TheStreet raised shares of HighPoint Resources from a “d+” rating to a “c-” rating in a research note on Monday, December 3rd. Finally, JPMorgan Chase & Co. downgraded shares of HighPoint Resources from an “overweight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Friday, December 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.53.
In other news, SVP Troy L. Schindler acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 27th. The shares were acquired at an average price of $3.50 per share, for a total transaction of $35,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Troy L. Schindler acquired 125,000 shares of the business’s stock in a transaction on Monday, December 10th. The shares were purchased at an average price of $2.88 per share, for a total transaction of $360,000.00. The disclosure for this purchase can be found here. Insiders have acquired 175,000 shares of company stock worth $515,100 in the last quarter. Company insiders own 2.70% of the company’s stock.
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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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