GTE's EVP Phillip Abraham Buys Shares
Phillip Abraham, EVP of Legal and Land at GTE, purchased 312 shares.
Key Points
- Phillip Abraham, EVP at GTE, bought 312 shares at $7.64 each on June 16, 2026, totaling $2,383.68.
- GTE shares traded at $7.34, with institutional interest from firms like Equinox Partners and LM Asset Management.
- Recent analyst ratings include Canaccord Genuity's 'buy' with a $20 target and RBC Capital's 'hold' with a $10 target.
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Phillip Abraham, the Executive Vice President of Legal and Land at GTE, recently bought 312 shares of the company at an average price of $7.64 per share. This purchase, made on June 16, 2026, amounted to a total value of $2,383.68. The transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Gran Tierra Energy Inc.
Several other executives at GTE also bought shares on the same day. Sebastien Morin, the Chief Operating Officer, acquired 585 shares, while Jim Evans, EVP of Corporate Services, picked up 176 shares. Gary Guidry, the President and CEO, bought 546 shares. These purchases were all made at the same price of $7.64 per share.
Other Institutional Activity in GTE
Institutional investors have shown varied interest in GTE. Equinox Partners Investment Management LLC maintained its position with 6,381,471 shares valued at approximately $57.2 million. LM Asset Management Inc. increased its holdings by 354,000 shares, ending with 4,045,420 shares worth about $36.3 million. American Century Companies Inc. added 66,194 shares, totaling 1,609,150 shares valued at $14.4 million. D. E. Shaw & Co., Inc. significantly boosted its position by 628,185 shares, reaching 1,100,206 shares valued at $9.9 million. Two Sigma Investments, LP also expanded its stake by 749,750 shares, totaling 958,914 shares worth $8.6 million.
Gran Tierra Energy Inc. Stock Down 25.6%
GTE shares recently traded at $7.34. The stock has seen interest from various institutional investors, reflecting a diverse range of strategies and confidence levels in the company's future prospects.
$GTE stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analysts have maintained their perspectives on GTE. On April 22, 2024, Canaccord Genuity maintained a 'buy' rating with a price target of $20. RBC Capital, on March 13, 2024, maintained a 'hold' rating with a target of $10. These ratings suggest a range of expectations for GTE's market performance.
Bottom Line
Phillip Abraham's recent purchase of GTE shares highlights insider confidence in the company's potential. Institutional activity shows a mix of holding and increasing positions, reflecting varied investor strategies. Analyst ratings provide a broad view of expectations, with targets ranging from $10 to $20. Investors often track insider and institutional moves to gauge sentiment and potential future performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.