Geode Capital Management LLC Raises Stock Holdings in Prairie Operating Co. (NASDAQ:PROP)

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

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

Prairie Operating Stock Down 6.1 %

Shares of NASDAQ:PROP opened at $6.47 on Friday. The stock has a market capitalization of $148.29 million, a PE ratio of -2.16 and a beta of 1.95. The firm’s 50 day moving average price is $7.87 and its 200-day moving average price is $8.76. Prairie Operating Co. has a twelve month low of $5.70 and a twelve month high of $16.08.

Analysts Set New Price Targets

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

About Prairie Operating

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.