GeoSphere Capital Management LLC decreased its holdings in Rosehill Resources Inc (NASDAQ:ROSE) by 49.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,145 shares of the company’s stock after selling 57,457 shares during the quarter. Rosehill Resources accounts for about 0.7% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 19th largest position. GeoSphere Capital Management LLC owned approximately 0.13% of Rosehill Resources worth $219,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Quantum Capital Management lifted its stake in shares of Rosehill Resources by 2.6% in the 1st quarter. Quantum Capital Management now owns 937,661 shares of the company’s stock valued at $3,188,000 after purchasing an additional 23,373 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Rosehill Resources by 6.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 260,975 shares of the company’s stock worth $916,000 after acquiring an additional 15,710 shares during the last quarter. BlackRock Inc. lifted its position in Rosehill Resources by 10.7% during the 4th quarter. BlackRock Inc. now owns 112,775 shares of the company’s stock worth $251,000 after acquiring an additional 10,928 shares during the last quarter. Geode Capital Management LLC acquired a new position in Rosehill Resources during the 4th quarter worth $127,000. Finally, Northern Trust Corp lifted its position in Rosehill Resources by 150.8% during the 4th quarter. Northern Trust Corp now owns 40,343 shares of the company’s stock worth $90,000 after acquiring an additional 24,258 shares during the last quarter. Hedge funds and other institutional investors own 11.41% of the company’s stock.
NASDAQ ROSE traded down $0.02 on Friday, reaching $1.75. The company’s stock had a trading volume of 958 shares, compared to its average volume of 63,588. The firm has a market cap of $83.20 million, a PE ratio of 8.33 and a beta of 3.61. The business has a 50-day moving average price of $1.98 and a 200 day moving average price of $3.12. Rosehill Resources Inc has a 52 week low of $1.29 and a 52 week high of $8.75. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 3.02.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Rosehill Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Northland Securities reaffirmed a “buy” rating and set a $6.00 price objective on shares of Rosehill Resources in a research report on Sunday, September 1st. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $8.50.
In other Rosehill Resources news, Director Harry Quarls bought 25,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $1.49 per share, with a total value of $37,250.00. Following the completion of the purchase, the director now directly owns 177,260 shares in the company, valued at approximately $264,117.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders purchased 41,300 shares of company stock worth $62,595. 80.30% of the stock is currently owned by insiders.
Rosehill Resources Profile
Rosehill Resources Inc, an independent oil and natural gas company, focuses on the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin. As of December 31, 2018, its portfolio included 67 gross operated producing horizontal wells in the Northern Delaware Basin and 4 gross operated producing horizontal wells in the Southern Delaware Basin; and working interests in approximately 6,665 gross acres in the Northern Delaware Basin and 9,219 gross acres in the Southern Delaware Basin, as well as 513 gross operated and 53 non-operated potential horizontal drilling locations in the Northern and Southern Delaware Basin.
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