Stockman Asset Management buys $4.1 Million stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Stockman Asset Management scooped up 5,148 additional shares in MDU Resources Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 189,316 shares of MDU Resources Group Inc which is valued at $4.1 Million.MDU Resources Group Inc makes up approximately 3.27% of Stockman Asset Management’s portfolio.

Other Hedge Funds, Including , Alpine Partners Vi sold out all of its stake in MDU during the most recent quarter. The investment firm sold 18,017 shares of MDU which is valued $393,671. Blackrock Japan Ltd added MDU to its portfolio by purchasing 3,524 company shares during the most recent quarter which is valued at $76,999.Moors Cabot boosted its stake in MDU in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 27,321 shares of MDU Resources Group Inc which is valued at $596,964. MDU Resources Group Inc makes up approx 0.11% of Moors Cabot’s portfolio.Teachers Advisors Inc boosted its stake in MDU in the latest quarter, The investment management firm added 22,347 additional shares and now holds a total of 178,360 shares of MDU Resources Group Inc which is valued at $3.7 Million. MDU Resources Group Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in MDU in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 43,128 shares of MDU Resources Group Inc which is valued at $865,148. MDU Resources Group Inc makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.

MDU Resources Group Inc opened for trading at $21.48 and hit $21.7 on the upside on Friday, eventually ending the session at $21.62, with a gain of 0.75% or 0.16 points. The heightened volatility saw the trading volume jump to 6,44,221 shares. Company has a market cap of $4,222,472 M.

On the company’s financial health, MDU Resources Group Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $1062.50 million for the quarter, compared to analysts expectations of $1139.90 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Apr 27, 2016, MDU Resources Group Inc announced a cash dividend of $0.1875. The company’s management has announced Jun 7, 2016 as the ex-dividend date and fixed the record date on Jun 9, 2016. The payable date has been fixed on Jul 1, 2016.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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