Tokio Marine Asset Management Co. Ltd. Purchased New Holding in Gran Tierra Energy Inc (GTE)

Tokio Marine Asset Management Co. Ltd. Purchased New Holding in Gran Tierra Energy Inc (GTE)

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,000 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pendal Group Ltd acquired a new position in Gran Tierra Energy during the fourth quarter worth about $349,000. Bank of Montreal Can raised its position in Gran Tierra Energy by 28.9% during the fourth quarter. Bank of Montreal Can now owns 1,304,249 shares of the company’s stock worth $2,829,000 after acquiring an additional 292,333 shares during the last quarter. Intact Investment Management Inc. raised its position in Gran Tierra Energy by 24.7% during the fourth quarter. Intact Investment Management Inc. now owns 2,497,700 shares of the company’s stock worth $7,393,000 after acquiring an additional 495,000 shares during the last quarter. Vanguard Group Inc raised its position in Gran Tierra Energy by 3.5% during the third quarter. Vanguard Group Inc now owns 10,699,810 shares of the company’s stock worth $40,873,000 after acquiring an additional 366,568 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Gran Tierra Energy by 3.5% during the third quarter. Vanguard Group Inc. now owns 10,699,810 shares of the company’s stock worth $40,873,000 after acquiring an additional 366,568 shares during the last quarter.

GTE opened at $2.18 on Friday. Gran Tierra Energy Inc has a 52-week low of $2.03 and a 52-week high of $3.96.

GTE has been the subject of a number of research reports. Zacks Investment Research cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Citigroup reissued a “buy” rating on shares of Gran Tierra Energy in a research report on Monday, December 17th. Finally, GMP Securities lowered shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Gran Tierra Energy presently has a consensus rating of “Buy” and an average target price of $4.38.

Gran Tierra Energy Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

Read More: Cost of equity and a company’s balance sheet

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