Gran Tierra Energy Inc. (NYSE:GTE) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,579 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Dimensional Fund Advisors LP owned about 0.66% of Gran Tierra Energy worth $1,998,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Main Street Financial Solutions LLC increased its holdings in shares of Gran Tierra Energy by 204.7% during the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock valued at $4,355,000 after acquiring an additional 302,583 shares in the last quarter. American Century Companies Inc. increased its holdings in Gran Tierra Energy by 46.8% in the 2nd quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock worth $7,023,000 after buying an additional 231,595 shares during the period. Quest Partners LLC acquired a new position in Gran Tierra Energy in the 2nd quarter worth approximately $465,000. Intact Investment Management Inc. acquired a new position in Gran Tierra Energy in the 2nd quarter worth approximately $696,000. Finally, Equinox Partners Investment Management LLC acquired a new position in Gran Tierra Energy in the 2nd quarter worth approximately $7,735,000. Institutional investors and hedge funds own 31.70% of the company’s stock.

Insider Buying and Selling at Gran Tierra Energy

In other news, CEO Gary Guidry acquired 40,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the acquisition, the chief executive officer now owns 525,672 shares of the company’s stock, valued at approximately $3,211,855.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Ryan Ellson bought 12,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was acquired at an average cost of $6.29 per share, with a total value of $75,480.00. Following the purchase, the chief financial officer now directly owns 94,666 shares of the company’s stock, valued at $595,449.14. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary Guidry bought 40,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was bought at an average cost of $6.11 per share, with a total value of $244,400.00. Following the completion of the purchase, the chief executive officer now directly owns 525,672 shares in the company, valued at approximately $3,211,855.92. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 67,000 shares of company stock worth $410,330. Corporate insiders own 6.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 5th.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $6.61 on Friday. The company has a fifty day moving average price of $6.99. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The stock has a market cap of $207.10 million, a price-to-earnings ratio of 66.10 and a beta of 1.55. Gran Tierra Energy Inc. has a fifty-two week low of $4.72 and a fifty-two week high of $10.40.

Gran Tierra Energy (NYSE:GTE) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.16 earnings per share for the quarter. The company had revenue of $165.61 million for the quarter. Gran Tierra Energy had a return on equity of 12.60% and a net margin of 7.68%.

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 and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.