Hedge fund SPO Partners & Co has boosted its stake in Oasis Petroleum Inc to 11.9 percent from 9.6 percent to become the North Dakota oil producer's largest shareholder, according to regulatory filings. SPO, headed by investor John Scully, bought 2.1 million shares of Oasis across three separate transactions on Jan. 7, 8 and 9.The transactions, which were reported to the U.S. Securities and Exchange Commission late on Friday, boosted SPO's stake in Oasis to 11.5 million shares.SPO has been steadily increasing its stake in Houston-based Oasis since the end of December, filings show.The purchases make SPO the only Oasis shareholder with more than 10 percent of the company's stock. Paulson & Co is the second-largest Oasis shareholder, with roughly 9.9 million shares, according to Thomson Reuters data.
Oasis Petroleum Inc. is an exploration and production company. Shares of OAS traded higher by 1.86% or $0.28/share to $15.33. In the past year, the shares have traded as low as $10.64 and as high as $58.09. On average, 6509360 shares of OAS exchange hands on a given day and today's volume is recorded at 8607804.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.77% or $-0.3/share to $38.82. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 791676 shares of TRI exchange hands on a given day and today's volume is recorded at 522075.
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