Ieq Capital LLC bought a new position in Oil Search Limited (OTCMKTS:OISHY – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108,122 shares of the company’s stock, valued at approximately $866,000.
A number of other hedge funds also recently bought and sold shares of the business. Allworth Financial LP bought a new position in Oil Search during the 2nd quarter valued at approximately $34,000. Pallas Capital Advisors LLC purchased a new position in shares of Oil Search during the second quarter valued at approximately $84,000. One Wealth Advisors LLC bought a new position in shares of Oil Search during the second quarter valued at approximately $122,000. GSA Capital Partners LLP bought a new position in shares of Oil Search during the second quarter valued at approximately $249,000. Finally, State of Wyoming bought a new position in shares of Oil Search during the second quarter valued at approximately $433,000.
Oil Search Trading Down 3.7%
OTCMKTS:OISHY opened at $14.13 on Friday. The firm’s fifty day simple moving average is $14.13 and its 200 day simple moving average is $14.13. Oil Search Limited has a twelve month low of $13.00 and a twelve month high of $17.51.
About Oil Search
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.
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