Northern Trust Corp Acquires 13,929 Shares of Gran Tierra Energy Inc. (NYSE:GTE)

Northern Trust Corp raised its position in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 100.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,797 shares of the company’s stock after buying an additional 13,929 shares during the quarter. Northern Trust Corp owned about 0.09% of Gran Tierra Energy worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in shares of Gran Tierra Energy during the fourth quarter valued at about $192,000. Dimensional Fund Advisors LP increased its stake in Gran Tierra Energy by 29.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 271,690 shares of the company’s stock valued at $1,964,000 after purchasing an additional 61,121 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Gran Tierra Energy by 17.3% in the fourth quarter. Marshall Wace LLP now owns 218,787 shares of the company’s stock worth $1,582,000 after buying an additional 32,209 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Gran Tierra Energy by 33.8% during the fourth quarter. Jump Financial LLC now owns 58,876 shares of the company’s stock valued at $426,000 after buying an additional 14,869 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Gran Tierra Energy by 75.5% during the fourth quarter. Barclays PLC now owns 59,248 shares of the company’s stock valued at $429,000 after buying an additional 25,493 shares during the last quarter. 31.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GTE has been the subject of a number of research reports. Wall Street Zen cut Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Stifel Nicolaus initiated coverage on shares of Gran Tierra Energy in a research report on Tuesday, May 13th. They set a “buy” rating for the company.

Insider Buying and Selling

In related news, major shareholder Equinox Partners Investment Ma purchased 98,678 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average price of $4.66 per share, with a total value of $459,839.48. Following the purchase, the insider now owns 1,994,486 shares of the company’s stock, valued at $9,294,304.76. The trade was a 5.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 475,027 shares of company stock valued at $1,997,080 over the last ninety days. Company insiders own 6.45% of the company’s stock.

Gran Tierra Energy Stock Up 1.5%

NYSE:GTE opened at $4.84 on Tuesday. The company’s fifty day moving average price is $4.53 and its 200-day moving average price is $5.57. The firm has a market capitalization of $170.99 million, a P/E ratio of 3.38 and a beta of 0.71. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19.

About Gran Tierra Energy

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.