Gran Tierra Energy Inc (GTE) Holdings Trimmed by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,299,405 shares of the company’s stock after selling 157,164 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.88% of Gran Tierra Energy worth $19,709,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in GTE. Tower Research Capital LLC TRC grew its position in shares of Gran Tierra Energy by 262.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 55,126 shares of the company’s stock worth $188,000 after buying an additional 39,931 shares during the period. CIBC World Markets Inc. grew its holdings in Gran Tierra Energy by 32.3% during the fourth quarter. CIBC World Markets Inc. now owns 87,434 shares of the company’s stock valued at $236,000 after purchasing an additional 21,350 shares during the period. Teacher Retirement System of Texas grew its holdings in Gran Tierra Energy by 291.3% during the fourth quarter. Teacher Retirement System of Texas now owns 130,201 shares of the company’s stock valued at $352,000 after purchasing an additional 96,931 shares during the period. GSA Capital Partners LLP lifted its stake in Gran Tierra Energy by 51.4% in the third quarter. GSA Capital Partners LLP now owns 701,204 shares of the company’s stock valued at $1,599,000 after buying an additional 238,026 shares in the last quarter. Finally, River Road Asset Management LLC lifted its stake in Gran Tierra Energy by 6.6% in the fourth quarter. River Road Asset Management LLC now owns 1,489,003 shares of the company’s stock valued at $4,020,000 after buying an additional 91,710 shares in the last quarter.

In other news, Director Brooke N. Wade bought 150,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average price of $2.56 per share, with a total value of $384,000.00. Following the transaction, the director now owns 242,600 shares of the company’s stock, valued at approximately $621,056. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Rodger Derrick Trimble bought 15,200 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $2.54 per share, with a total value of $38,608.00. The disclosure for this purchase can be found here. Insiders bought 173,080 shares of company stock valued at $442,544 in the last three months.

GTE has been the topic of a number of research reports. TheStreet raised shares of Gran Tierra Energy from a “d+” rating to a “c” rating in a research report on Tuesday, January 2nd. BidaskClub lowered shares of Gran Tierra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of Gran Tierra Energy from a “hold” rating to a “strong-buy” rating and set a $3.00 price objective on the stock in a report on Thursday, March 1st.

Gran Tierra Energy Inc (NYSEAMERICAN:GTE) traded up $0.04 during mid-day trading on Wednesday, hitting $2.60. 1,089,569 shares of the company traded hands, compared to its average volume of 1,615,273. Gran Tierra Energy Inc has a fifty-two week low of $1.93 and a fifty-two week high of $3.00. The firm has a market capitalization of $978.26, a P/E ratio of -32.50 and a beta of 0.68.

Gran Tierra Energy announced that its board has approved a share buyback program on Wednesday, March 7th that allows the company to buyback 500% of outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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Gran Tierra Energy 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 (NYSEAMERICAN:GTE)

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