Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Midstates Petroleum Company Inc (NYSE: MPO)
Midstates Petroleum is an exploration and production company focused on the application of drilling and completion techniques in oil and liquids-rich basins in the United States. Its operations are currently focused on oilfields in Mississippian lime play in Oklahoma and the Anadarko Basin in Texas and Oklahoma. The company’s present activities are focused on the evaluation and development of current acreage position to maximize resource potential in core areas of operations and identifying expansion opportunities. The firm derives its revenue from the sale of oil and natural gas production.
A quick look at the price chart below for Midstates Petroleum shows us that the stock is down 21% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 4.98 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Midstates Petroleum include:
Jim Simons – 506,670 total shares
Cliff Asness – 240,833 total shares
Howard Marks – 190,307 total shares
Ken Griffin – 87,687 total shares
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