Shell Asset Management Co. Increases Stake in Intrepid Potash, Inc. (NYSE:IPI)

Posted by on Mar 2nd, 2023

Shell Asset Management Co. grew its position in shares of Intrepid Potash, Inc. (NYSE:IPI – Get Rating) by 145.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,685 shares of the basic materials company’s stock after buying an additional 2,185 shares during the quarter. Shell Asset Management Co.’s holdings in Intrepid Potash were worth $146,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Intrepid Potash by 12.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 858,706 shares of the basic materials company’s stock worth $33,978,000 after buying an additional 97,515 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Intrepid Potash by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 505,371 shares of the basic materials company’s stock worth $41,511,000 after purchasing an additional 19,700 shares during the period. Capital International Investors acquired a new position in shares of Intrepid Potash during the 1st quarter worth $33,390,000. PointState Capital LP acquired a new position in shares of Intrepid Potash during the 1st quarter worth $30,649,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Intrepid Potash by 165.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 309,817 shares of the basic materials company’s stock worth $12,259,000 after purchasing an additional 192,897 shares during the period. Hedge funds and other institutional investors own 55.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IPI shares. UBS Group lowered their price target on shares of Intrepid Potash from $38.00 to $29.00 and set a “sell” rating on the stock in a research note on Wednesday, January 11th. BMO Capital Markets lowered their price target on shares of Intrepid Potash from $45.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, November 4th.

Intrepid Potash Trading Up 0.3 %

Shares of NYSE IPI opened at $31.78 on Thursday. The stock has a market cap of $428.71 million, a price-to-earnings ratio of 1.47 and a beta of 2.03. Intrepid Potash, Inc. has a 52 week low of $27.23 and a 52 week high of $121.72. The company’s 50-day moving average price is $31.11 and its 200 day moving average price is $37.18.

Intrepid Potash Company Profile

(Get Rating)

Intrepid Potash, Inc engages in the delivery of potassium, magnesium, sulfur, and salt essential. The firm serves the agriculture, organics, animal feed, industrial, and oilfield solutions industries. It operates through the following segments: Potash, Oilfield Solutions, and Trio. The company was founded in January 2000 and is headquartered in Denver, CO.

Read More

Institutional Ownership by Quarter for Intrepid Potash (NYSE:IPI)

Receive News & Ratings for Intrepid Potash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intrepid Potash and related companies with MarketBeat.com's FREE daily email newsletter.