Midstates Petroleum Company Inc (NYSE:MPO), saw an insider execute a transaction that resulted in a decrease in his position with the company. Senior Vice President, Chief Financial Officer, and Chief Accounting Officer Nelson Haight sold 2,188 shares of common stock at an average price of $6.75 per share. Following this move, Haight holds 284,296 shares directly in the $471.41 million market cap corporation. In addition, Midstates Petroleum Company Inc (NYSE:MPO) is an independent exploration and production company. The Company’s areas of operation include Pine Prairie, South Bearhead Creek/Oretta, West Gordon and North Cowards Gully.
In addition, there are multiple hedge funds involved with the corporation. Robert Henry Lynch‘s Aristeia Capital reported a 2% decrease in its activity last quarter, and now holds 5.6 million shares worth about $40.5 million; while Steve Cohen‘s Point72 Asset Management has 4.7 million shares with a market value of nearly $34 million invested in the petroleum company.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.