Hara Capital LLC bought a new position in Oil Search Limited (OTCMKTS:OISHY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 335,818 shares of the company’s stock, valued at approximately $2,690,000. Oil Search comprises about 1.4% of Hara Capital LLC’s holdings, making the stock its 22nd biggest position.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pallas Capital Advisors LLC purchased a new position in shares of Oil Search in the second quarter worth approximately $84,000. One Wealth Advisors LLC purchased a new stake in shares of Oil Search during the second quarter worth about $122,000. GSA Capital Partners LLP bought a new stake in shares of Oil Search during the second quarter valued at approximately $249,000. State of Wyoming bought a new position in shares of Oil Search during the 2nd quarter valued at about $433,000. Finally, Deutsche Bank AG purchased a new position in Oil Search during the 2nd quarter valued at approximately $2,482,000.
Oil Search Trading Down 3.7%
OISHY opened at $14.13 on Friday. The stock has a 50-day moving average of $14.13 and a 200 day moving average of $14.13. Oil Search Limited has a 12 month low of $13.00 and a 12 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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