U.S. Energy Corp. (NASDAQ:USEG) Major Shareholder Wallis T. Marsh Purchases 20,000 Shares

U.S. Energy Corp. (NASDAQ:USEGGet Rating) major shareholder Wallis T. Marsh purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was acquired at an average price of $2.99 per share, for a total transaction of $59,800.00. Following the purchase, the insider now owns 3,091,914 shares in the company, valued at approximately $9,244,822.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

U.S. Energy Stock Down 3.0 %

USEG opened at $2.89 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.61 and a quick ratio of 0.61. The company’s 50-day moving average is $3.46 and its 200 day moving average is $4.09. U.S. Energy Corp. has a fifty-two week low of $2.87 and a fifty-two week high of $13.92.

U.S. Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Shareholders of record on Monday, August 8th were paid a $0.023 dividend. This is a positive change from U.S. Energy’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Friday, August 5th. U.S. Energy’s dividend payout ratio is currently -20.45%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on USEG shares. TheStreet raised U.S. Energy from a “d” rating to a “c-” rating in a report on Tuesday, June 7th. StockNews.com upgraded shares of U.S. Energy from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th.

Institutional Trading of U.S. Energy

Several hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new position in U.S. Energy during the 1st quarter valued at about $44,000. Northern Trust Corp purchased a new stake in U.S. Energy during the 1st quarter valued at $76,000. PEAK6 Investments LLC bought a new position in U.S. Energy during the 2nd quarter valued at about $73,000. Millennium Management LLC lifted its position in U.S. Energy by 44.2% during the second quarter. Millennium Management LLC now owns 29,403 shares of the energy company’s stock valued at $102,000 after purchasing an additional 9,019 shares during the period. Finally, State Street Corp purchased a new stake in U.S. Energy during the 1st quarter valued at $148,000. 49.89% of the stock is owned by institutional investors.

About U.S. Energy

(Get Rating)

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas.

Further Reading

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