ClariVest Asset Management LLC purchased a new position in shares of Whiting Petroleum Corp (NYSE:WLL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 53,424 shares of the oil and gas exploration company’s stock, valued at approximately $2,816,000. ClariVest Asset Management LLC owned 0.06% of Whiting Petroleum as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WLL. HL Financial Services LLC acquired a new position in shares of Whiting Petroleum during the first quarter worth about $348,000. Rhumbline Advisers increased its stake in shares of Whiting Petroleum by 1.4% during the first quarter. Rhumbline Advisers now owns 88,960 shares of the oil and gas exploration company’s stock worth $3,010,000 after acquiring an additional 1,251 shares during the period. Swiss National Bank increased its stake in shares of Whiting Petroleum by 2.3% during the first quarter. Swiss National Bank now owns 158,050 shares of the oil and gas exploration company’s stock worth $5,348,000 after acquiring an additional 3,600 shares during the period. M&T Bank Corp acquired a new position in shares of Whiting Petroleum during the first quarter worth about $236,000. Finally, Barings LLC acquired a new position in shares of Whiting Petroleum during the first quarter worth about $14,149,000. Institutional investors and hedge funds own 94.86% of the company’s stock.

A number of research analysts have recently issued reports on the stock. KLR Group boosted their price target on shares of Whiting Petroleum to $64.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research note on Wednesday, June 13th. Morgan Stanley dropped their price target on shares of Whiting Petroleum from $71.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. Stifel Nicolaus boosted their price target on shares of Whiting Petroleum from $49.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, May 18th. Finally, SunTrust Banks boosted their price target on shares of Whiting Petroleum to $70.00 and gave the stock a “buy” rating in a research note on Thursday, July 5th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Whiting Petroleum currently has an average rating of “Buy” and a consensus target price of $48.73.

Shares of WLL opened at $50.51 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.71. Whiting Petroleum Corp has a twelve month low of $15.88 and a twelve month high of $56.47. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of -38.56, a P/E/G ratio of 2.20 and a beta of 3.01.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Tuesday, July 31st. The oil and gas exploration company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $526.40 million for the quarter, compared to analyst estimates of $505.32 million. Whiting Petroleum had a negative net margin of 58.02% and a positive return on equity of 1.82%. The firm’s revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) earnings per share. equities analysts anticipate that Whiting Petroleum Corp will post 2.9 EPS for the current year.

About Whiting Petroleum

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Institutional Ownership by Quarter for Whiting Petroleum (NYSE:WLL)

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