Telemetry Investments L.l.c. Lowers stake in InterOil Corporation (USA) (IOC)

InterOil Corporation (USA) (IOC) : Telemetry Investments L.l.c. reduced its stake in InterOil Corporation (USA) by 34.18% during the most recent quarter end. The investment management company now holds a total of 52,000 shares of InterOil Corporation (USA) which is valued at $2,458,040 after selling 27,000 shares in InterOil Corporation (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.InterOil Corporation (USA) makes up approximately 4.08% of Telemetry Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Parallax Volatility Advisers boosted its stake in IOC in the latest quarter, The investment management firm added 5,242 additional shares and now holds a total of 7,781 shares of InterOil Corporation (USA) which is valued at $367,808. InterOil Corporation (USA) makes up approx 0.01% of Parallax Volatility Advisers’s portfolio.Citadel Advisors boosted its stake in IOC in the latest quarter, The investment management firm added 19,453 additional shares and now holds a total of 35,172 shares of InterOil Corporation (USA) which is valued at $1,661,877.Advisor Group reduced its stake in IOC by selling 60 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 100 shares of IOC which is valued at $4,749.Commonwealth Equity Services Inc reduced its stake in IOC by selling 250 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 14,155 shares of IOC which is valued at $703,362. InterOil Corporation (USA) makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

InterOil Corporation (USA) opened for trading at $47.44 and hit $48 on the upside on Monday, eventually ending the session at $47.91, with a gain of 1.03% or 0.49 points. The heightened volatility saw the trading volume jump to 3,54,168 shares. Company has a market cap of $2,403 M.

On the company’s financial health, InterOil Corporation (USA) reported $-0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Nov 14, 2016. Analyst had a consensus of $-0.37. The company had revenue of $7.20 million for the quarter, compared to analysts expectations of $.60 million. The company’s revenue was down -39.0 % compared to the same quarter last year.

InterOil Corporation (InterOil) is an oil and gas exploration and production company. Papua New Guinea explores for oil and gas across over 4 million acres in the south of the country. The area is divided into four Petroleum Prospecting Licenses (PPLs) and two Petroleum Retention Licenses (PRLs). A feature of InterOil’s work in Papua New Guinea is PRL 15 that contains the Elk-Antelope field. PRL 39 contains the Triceratops discovery. The Company held approximately 40.1% interest in PRL 15. Its subsidiaries include SPI Exploration and Production Corporation InterOil Singapore Pte Ltd InterOil Corporate PNG Limited South Pacific Refining Limited SPI Distribution Limited InterOil LNG Holdings Inc. InterOil Australia Pty Ltd and Direct Employment Services Company among others. Its applications for new petroleum prospecting licenses were approved with PPL 474 replacing PPL 236 PPL 475 replacing PPL 237 and PPL 476 and PPL 477 replacing PPL 238 and included new license commitments.

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