Wellington Management Group LLP purchased a new stake in Jagged Peak Energy Inc. (NYSE:JAG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 313,675 shares of the mining company’s stock, valued at approximately $4,090,000. Wellington Management Group LLP owned approximately 0.15% of Jagged Peak Energy as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JAG. Strs Ohio bought a new stake in shares of Jagged Peak Energy during the first quarter valued at about $122,000. Essex Investment Management Co. LLC bought a new stake in shares of Jagged Peak Energy during the first quarter valued at about $441,000. Neuberger Berman Group LLC acquired a new stake in Jagged Peak Energy during the first quarter worth $606,000. Wells Fargo & Company MN acquired a new stake in Jagged Peak Energy during the first quarter worth $757,000. Finally, TD Asset Management Inc. acquired a new stake in Jagged Peak Energy during the first quarter worth $983,000. Institutional investors and hedge funds own 17.08% of the company’s stock.
Shares of Jagged Peak Energy Inc. (NYSE:JAG) traded up 0.93% during mid-day trading on Friday, hitting $12.97. 799,297 shares of the stock traded hands. Jagged Peak Energy Inc. has a 52 week low of $10.96 and a 52 week high of $15.19. The stock has a 50-day moving average of $13.41 and a 200-day moving average of $13.09. The company’s market cap is $2.76 billion.
A number of analysts have recently commented on JAG shares. Zacks Investment Research upgraded Jagged Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. BMO Capital Markets raised Jagged Peak Energy from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Wednesday, July 12th. Credit Suisse Group reissued an “outperform” rating and set a $19.00 price target on shares of Jagged Peak Energy in a report on Friday, June 2nd. Scotiabank reaffirmed a “hold” rating on shares of Jagged Peak Energy in a report on Monday, April 24th. Finally, J P Morgan Chase & Co lowered their price objective on Jagged Peak Energy from $19.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $17.75.
About Jagged Peak Energy
Jagged Peak Energy Inc is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin. The Company’s acreage is located on contiguous blocks in the adjacent counties of Winkler, Ward, Reeves and Pecos, with original oil-in-place within multiple stacked hydrocarbon-bearing formations.
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