JPMorgan Chase & Co. Has $61,000 Position in Prairie Operating Co. (NASDAQ:PROP)

JPMorgan Chase & Co. increased its position in shares of Prairie Operating Co. (NASDAQ:PROP) by 163.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,966 shares of the company’s stock after buying an additional 4,321 shares during the quarter. JPMorgan Chase & Co.’s holdings in Prairie Operating were worth $61,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in Prairie Operating by 321.7% during the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock worth $52,000 after buying an additional 4,574 shares in the last quarter. Geode Capital Management LLC grew its position in Prairie Operating by 16.5% during the third quarter. Geode Capital Management LLC now owns 121,966 shares of the company’s stock worth $1,069,000 after buying an additional 17,290 shares in the last quarter. Finally, State Street Corp grew its position in Prairie Operating by 56.4% during the third quarter. State Street Corp now owns 62,041 shares of the company’s stock worth $543,000 after buying an additional 22,384 shares in the last quarter. 34.28% of the stock is owned by institutional investors and hedge funds.

Prairie Operating Trading Up 1.0 %

NASDAQ PROP opened at $8.79 on Tuesday. The stock’s 50 day moving average is $7.69 and its two-hundred day moving average is $8.50. The company has a market capitalization of $201.47 million, a price-to-earnings ratio of -2.93 and a beta of 1.94. Prairie Operating Co. has a 1-year low of $4.91 and a 1-year high of $16.08.

Analyst Upgrades and Downgrades

Separately, Singular Research raised Prairie Operating to a “moderate buy” rating in a research report on Monday, October 7th.

Prairie Operating Company Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.