Burgundy Asset Management Ltd. cut its stake in Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,167,614 shares of the oil and gas company’s stock after selling 969,348 shares during the quarter. Burgundy Asset Management Ltd. owned 10.85% of Advantage Oil & Gas worth $126,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Citadel Advisors LLC boosted its holdings in shares of Advantage Oil & Gas by 22.8% in the second quarter. Citadel Advisors LLC now owns 16,197 shares of the oil and gas company’s stock worth $109,000 after buying an additional 3,008 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Advantage Oil & Gas by 4.0% in the second quarter. Legal & General Group Plc now owns 31,034 shares of the oil and gas company’s stock worth $210,000 after buying an additional 1,188 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of Advantage Oil & Gas by 104.6% in the third quarter. Shell Asset Management Co. now owns 39,214 shares of the oil and gas company’s stock worth $223,000 after buying an additional 20,050 shares during the last quarter. Highstreet Asset Management Inc. purchased a new position in shares of Advantage Oil & Gas in the second quarter worth approximately $224,000. Finally, Ingalls & Snyder LLC boosted its holdings in shares of Advantage Oil & Gas by 57.9% in the third quarter. Ingalls & Snyder LLC now owns 43,650 shares of the oil and gas company’s stock worth $275,000 after buying an additional 16,000 shares during the last quarter. Hedge funds and other institutional investors own 54.82% of the company’s stock.

Advantage Oil & Gas Ltd (NYSE:AAV) opened at $4.00 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12. Advantage Oil & Gas Ltd has a 1-year low of $3.90 and a 1-year high of $7.35. The firm has a market cap of $734.55, a P/E ratio of 24.69 and a beta of 0.86.

AAV has been the topic of a number of research reports. Scotiabank reissued a “buy” rating and issued a $11.50 price objective on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. TheStreet downgraded shares of Advantage Oil & Gas from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of Advantage Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, November 23rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $11.00 price target on shares of Advantage Oil & Gas in a report on Monday, September 25th. Finally, BidaskClub raised shares of Advantage Oil & Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Advantage Oil & Gas has an average rating of “Hold” and a consensus target price of $9.44.

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About Advantage Oil & Gas

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

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Institutional Ownership by Quarter for Advantage Oil & Gas (NYSE:AAV)

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