Empowered Funds LLC Has $1.57 Million Position in Gran Tierra Energy Inc. (NYSE:GTE)

Empowered Funds LLC raised its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 217,552 shares of the company’s stock after buying an additional 10,485 shares during the quarter. Empowered Funds LLC owned about 0.71% of Gran Tierra Energy worth $1,573,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Gran Tierra Energy during the 3rd quarter worth about $52,000. R Squared Ltd acquired a new position in shares of Gran Tierra Energy in the 4th quarter valued at approximately $68,000. Centiva Capital LP acquired a new position in shares of Gran Tierra Energy in the 3rd quarter valued at approximately $73,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Gran Tierra Energy in the 3rd quarter valued at approximately $89,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Gran Tierra Energy in the 3rd quarter valued at approximately $121,000. 31.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gran Tierra Energy

In other news, Director Ronald Royal sold 19,967 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.45% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th.

Gran Tierra Energy Trading Up 1.2 %

NYSE GTE opened at $5.72 on Friday. The stock has a market capitalization of $175.32 million, a price-to-earnings ratio of 4.00 and a beta of 1.49. The stock’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $6.75. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. Gran Tierra Energy Inc. has a 52 week low of $5.01 and a 52 week high of $10.40.

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.