Geode Capital Management LLC Acquires 17,290 Shares of Prairie Operating Co. (NASDAQ:PROP)

Geode Capital Management LLC grew its holdings in shares of Prairie Operating Co. (NASDAQ:PROP) by 16.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 121,966 shares of the company’s stock after purchasing an additional 17,290 shares during the period. Geode Capital Management LLC owned approximately 0.97% of Prairie Operating worth $1,069,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PROP. State Street Corp raised its stake in Prairie Operating by 56.4% during the third quarter. State Street Corp now owns 62,041 shares of the company’s stock valued at $543,000 after buying an additional 22,384 shares during the last quarter. Warberg Asset Management LLC bought a new position in shares of Prairie Operating during the second quarter valued at $127,000. Rhumbline Advisers bought a new position in shares of Prairie Operating during the second quarter valued at $45,000. Bank of New York Mellon Corp purchased a new position in shares of Prairie Operating in the 2nd quarter worth about $208,000. Finally, Barclays PLC boosted its stake in Prairie Operating by 321.7% in the 3rd quarter. Barclays PLC now owns 5,996 shares of the company’s stock worth $52,000 after purchasing an additional 4,574 shares in the last quarter. 34.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded shares of Prairie Operating to a “moderate buy” rating in a research note on Monday, October 7th.

Prairie Operating Stock Down 6.1 %

Shares of NASDAQ PROP opened at $6.47 on Friday. The firm has a market cap of $148.29 million, a P/E ratio of -2.16 and a beta of 1.95. Prairie Operating Co. has a twelve month low of $5.70 and a twelve month high of $16.08. The company has a 50 day moving average of $7.87 and a 200 day moving average of $8.76.

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.