Wellington Management Group LLP Buys New Position in Jagged Peak Energy Inc. (NYSE:JAG)

Wellington Management Group LLP purchased a new position in shares of Jagged Peak Energy Inc. (NYSE:JAG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 313,675 shares of the mining company’s stock, valued at approximately $4,090,000. Wellington Management Group LLP owned 0.15% of Jagged Peak Energy at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JAG. Strs Ohio acquired a new stake in shares of Jagged Peak Energy during the first quarter worth $122,000. Essex Investment Management Co. LLC acquired a new stake in shares of Jagged Peak Energy during the first quarter worth $441,000. Wells Fargo & Company MN acquired a new stake in shares of Jagged Peak Energy during the first quarter worth $757,000. Kornitzer Capital Management Inc. KS acquired a new stake in shares of Jagged Peak Energy during the first quarter worth $3,231,000. Finally, Boston Partners acquired a new stake in shares of Jagged Peak Energy during the first quarter worth $75,074,000. 17.07% of the stock is owned by institutional investors.

Shares of Jagged Peak Energy Inc. (NYSE:JAG) opened at 13.72 on Wednesday. The firm’s 50-day moving average is $13.00 and its 200-day moving average is $12.95. The stock’s market capitalization is $2.92 billion. Jagged Peak Energy Inc. has a 1-year low of $10.96 and a 1-year high of $15.08.

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JAG has been the subject of a number of research analyst reports. Stifel Nicolaus initiated coverage on shares of Jagged Peak Energy in a report on Wednesday, March 15th. They issued a “buy” rating and a $15.00 price target for the company. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price target on shares of Jagged Peak Energy in a report on Wednesday, March 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $20.00 price target on shares of Jagged Peak Energy in a report on Friday, March 24th. Credit Suisse Group cut their price target on shares of Jagged Peak Energy from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, March 28th. Finally, Scotiabank reissued a “hold” rating on shares of Jagged Peak Energy in a report on Monday, April 24th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.73.

Jagged Peak Energy Company Profile

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.

Institutional Ownership by Quarter for Jagged Peak Energy (NYSE:JAG)

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