Geode Capital Management LLC raised its holdings in Prairie Operating Co. (NASDAQ:PROP - Free Report) by 105.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,614 shares of the company's stock after buying an additional 128,648 shares during the period. Geode Capital Management LLC owned approximately 1.09% of Prairie Operating worth $1,734,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Prairie Operating by 321.7% in the 3rd quarter. Barclays PLC now owns 5,996 shares of the company's stock valued at $52,000 after purchasing an additional 4,574 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Prairie Operating by 163.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company's stock worth $61,000 after buying an additional 4,321 shares during the last quarter. Navigation Wealth Management Inc. purchased a new position in shares of Prairie Operating in the 4th quarter valued at about $83,000. Traynor Capital Management Inc. acquired a new stake in shares of Prairie Operating during the 4th quarter worth about $146,000. Finally, Rhumbline Advisers boosted its holdings in Prairie Operating by 1,053.9% in the fourth quarter. Rhumbline Advisers now owns 40,224 shares of the company's stock valued at $278,000 after purchasing an additional 36,738 shares in the last quarter. Hedge funds and other institutional investors own 34.28% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler started coverage on shares of Prairie Operating in a report on Wednesday, April 30th. They issued an "overweight" rating and a $11.00 target price for the company.
Check Out Our Latest Stock Analysis on PROP
Prairie Operating Price Performance
Shares of PROP traded up $0.05 during mid-day trading on Monday, reaching $4.43. 227,563 shares of the company's stock were exchanged, compared to its average volume of 222,990. The business's fifty day simple moving average is $5.16 and its 200-day simple moving average is $7.05. The stock has a market capitalization of $118.99 million, a PE ratio of -1.48 and a beta of 2.03. Prairie Operating Co. has a 52-week low of $3.35 and a 52-week high of $14.60.
Prairie Operating Profile
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Free Report)
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.
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