Thursday, October 05, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Midstates Petroleum Co (MPO) Shares Extending the Trend of Last Quarter
There was substantial level of selling of Midstates Petroleum Co shares today, as revealed in filings with the SEC. Two insiders — Centerbridge Credit Partners Lp, 10% Owner, and Cscp II Cayman Gp Ltd, 10% Owner — sold 263,400 shares in the company having a market value of approximately $4,100,560. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,360,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,623,400 shares and have averaged 405,850 shares per transaction over this time period.
Insiders at Midstates Petroleum Co have a higher number of buy/sell transactions than the 181-peer company average over the last 90-day period. The Oil & Gas Exploration and Production peer group saw 102 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Midstates Petroleum Co insiders was also higher. Within the peer group there were 9,200,510 shares purchased and 1,727,933 shares sold with company insiders having bought 108,298 shares on average.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Centerbridge Credit Partners Lp, 10% Owner, sold 131,700 shares
* Cscp II Cayman Gp Ltd, 10% Owner, sold 131,700 shares
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