Here is What Hedge Funds Think About Ultra Petroleum Corp. (UPL) – Mcmoran Exploration Co (MMR), Gulfport Energy Corporation (GPOR)

Page 1 of 2

Ultra Petroleum Corp. (NYSE:UPL) investors should be aware of a decrease in activity from the world’s largest hedge funds of late.

Ultra Petroleum Corp. (NYSE:UPL)

To most stock holders, hedge funds are viewed as unimportant, outdated financial vehicles of yesteryear. While there are over 8000 funds in operation today, we at Insider Monkey choose to focus on the bigwigs of this club, around 450 funds. Most estimates calculate that this group oversees the majority of the smart money’s total asset base, and by keeping an eye on their best investments, we have figured out a few investment strategies that have historically outpaced the S&P 500 index. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 24 percentage points in 7 months (check out a sample of our picks).

Equally as important, positive insider trading activity is a second way to break down the world of equities. Just as you’d expect, there are many motivations for an insider to drop shares of his or her company, but just one, very simple reason why they would buy. Plenty of academic studies have demonstrated the impressive potential of this strategy if shareholders understand where to look (learn more here).

Keeping this in mind, let’s take a look at the key action regarding Ultra Petroleum Corp. (NYSE:UPL).

What does the smart money think about Ultra Petroleum Corp. (NYSE:UPL)?

At year’s end, a total of 19 of the hedge funds we track were bullish in this stock, a change of 0% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their holdings meaningfully.

When looking at the hedgies we track, Bruce J. Richards and Louis Hanover’s Marathon Asset Management had the most valuable position in Ultra Petroleum Corp. (NYSE:UPL), worth close to $45.9 million, accounting for 1.4% of its total 13F portfolio. Sitting at the No. 2 spot is Ron Gutfleish of Elm Ridge Capital, with a $21.2 million position; 2.4% of its 13F portfolio is allocated to the stock. Other hedgies that hold long positions include Gregg J. Powers’s Private Capital Management, Israel Englander’s Millennium Management and Kerr Neilson’s Platinum Asset Management.

Because Ultra Petroleum Corp. (NYSE:UPL) has faced declining sentiment from the smart money, we can see that there lies a certain “tier” of money managers who sold off their entire stakes in Q4. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital cut the biggest position of the “upper crust” of funds we key on, totaling about $8.7 million in stock.. Tim Flannery’s fund, Copia Capital, also said goodbye to its stock, about $2 million worth. These transactions are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Insider trading activity in Ultra Petroleum Corp. (NYSE:UPL)

Bullish insider trading is most useful when the company in question has seen transactions within the past six months. Over the last six-month time frame, Ultra Petroleum Corp. (NYSE:UPL) has experienced 2 unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Ultra Petroleum Corp. (NYSE:UPL). These stocks are Oasis Petroleum Inc. (NYSE:OAS), Mcmoran Exploration Co (NYSE:MMR), Gulfport Energy Corporation (NASDAQ:GPOR), WPX Energy Inc (NYSE:WPX), and Newfield Exploration Co. (NYSE:NFX). This group of stocks are the members of the independent oil & gas industry and their market caps are similar to UPL’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!