Legacy Reserves LP (NASDAQ:LGCY) Institutional Investors Quarterly Sentiment

April 18, 2018 - By Adrian Erickson

Sentiment for Legacy Reserves LP (NASDAQ:LGCY)

Legacy Reserves LP (NASDAQ:LGCY) institutional sentiment increased to 0.67 in Q4 2017. Its up 0.14, from 0.53 in 2017Q3. The ratio has improved, as 12 investment managers opened new or increased stock positions, while 18 cut down and sold their stakes in Legacy Reserves LP. The investment managers in our partner’s database reported: 15.76 million shares, up from 14.14 million shares in 2017Q3. Also, the number of investment managers holding Legacy Reserves LP in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 8 Reduced: 10 Increased: 6 New Position: 6.

Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. The company has market cap of $458.98 million. As of December 31, 2016, the firm owned interests in producing oil and natural gas properties in 627 fields comprising 10,775 gross productive wells, including 3,799 operated and 6,976 non-operated wells located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states. It currently has negative earnings. It had proved reserves of approximately 144.8 million barrels of crude oil equivalent.

The stock increased 3.27% or $0.19 during the last trading session, reaching $5.97. About 439,106 shares traded. Legacy Reserves LP (NASDAQ:LGCY) has risen 149.47% since April 18, 2017 and is uptrending. It has outperformed by 137.92% the S&P500.

Fir Tree Capital Management Lp holds 0.16% of its portfolio in Legacy Reserves LP for 3.80 million shares. Columbia Asset Management owns 18,000 shares or 0.01% of their US portfolio. Moreover, Oxbow Advisors Llc has 0.01% invested in the company for 20,010 shares. The Texas-based Syntal Capital Partners Llc has invested 0.01% in the stock. Virtu Financial Llc, a New York-based fund reported 68,541 shares.#img1#

Since January 1, 0001, it had 18 insider buys, and 0 insider sales for $14.57 million activity.

Legacy Reserves LP (NASDAQ:LGCY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.