Connor Clark & Lunn Investment Management Ltd. Acquires New Stake in Oil Search Limited $OISHY

Connor Clark & Lunn Investment Management Ltd. bought a new position in Oil Search Limited (OTCMKTS:OISHY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 404,650 shares of the company’s stock, valued at approximately $3,241,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in Oil Search during the 2nd quarter valued at $34,000. Pallas Capital Advisors LLC bought a new stake in shares of Oil Search in the 2nd quarter worth $84,000. Nierenberg Investment Management Company LLC bought a new stake in shares of Oil Search in the 2nd quarter worth $92,556,000. One Wealth Advisors LLC acquired a new stake in shares of Oil Search in the second quarter valued at $122,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Oil Search in the second quarter valued at $249,000.

Oil Search Stock Down 3.7%

Shares of OISHY stock opened at $14.13 on Friday. The stock has a 50-day simple moving average of $14.13 and a 200 day simple moving average of $14.13. Oil Search Limited has a fifty-two week low of $13.00 and a fifty-two week high of $17.51.

Oil Search Company Profile

Oil Search Limited is an independent oil and gas exploration and production company focused primarily on Papua New Guinea. The company acquires, explores and develops petroleum resources and holds a diversified portfolio of exploration licenses and production assets. Its activities encompass upstream operations, including seismic surveying, well drilling and field development, as well as midstream responsibilities such as gas processing and transport to domestic and export markets.

A cornerstone of Oil Search’s portfolio is its equity interest in the Papua New Guinea Liquefied Natural Gas (PNG LNG) Project, a long-term liquefaction and export venture operated by a consortium of international partners.