Dimensional Fund Advisors LP increased its holdings in Extraction Oil & Gas Inc (NASDAQ:XOG) by 100.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,463,439 shares of the energy company’s stock after purchasing an additional 1,738,601 shares during the quarter. Dimensional Fund Advisors LP owned 1.97% of Extraction Oil & Gas worth $50,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aperio Group LLC acquired a new stake in shares of Extraction Oil & Gas during the second quarter valued at approximately $158,000. State of Alaska Department of Revenue raised its holdings in shares of Extraction Oil & Gas by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 13,230 shares of the energy company’s stock valued at $194,000 after acquiring an additional 3,780 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Extraction Oil & Gas during the first quarter valued at approximately $181,000. Strs Ohio acquired a new stake in shares of Extraction Oil & Gas during the second quarter valued at approximately $252,000. Finally, TLP Group LLC raised its holdings in shares of Extraction Oil & Gas by 63,224.1% during the first quarter. TLP Group LLC now owns 18,364 shares of the energy company’s stock valued at $210,000 after acquiring an additional 18,335 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

A number of research firms have recently issued reports on XOG. BMO Capital Markets restated a “buy” rating and set a $17.00 price target on shares of Extraction Oil & Gas in a report on Monday, August 13th. Williams Capital restated a “buy” rating and set a $20.00 price target on shares of Extraction Oil & Gas in a report on Tuesday, August 21st. KLR Group restated a “buy” rating and set a $25.00 price target on shares of Extraction Oil & Gas in a report on Monday, August 20th. BidaskClub lowered shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Finally, Jefferies Financial Group set a $16.00 price target on shares of Extraction Oil & Gas and gave the company a “hold” rating in a report on Friday, July 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.55.

Shares of XOG opened at $11.13 on Friday. Extraction Oil & Gas Inc has a 52 week low of $10.04 and a 52 week high of $17.42. The company has a market cap of $1.96 billion, a P/E ratio of 371.00 and a beta of 0.75. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 0.83.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Tuesday, August 7th. The energy company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. The company had revenue of $260.20 million for the quarter, compared to analysts’ expectations of $234.15 million. equities research analysts predict that Extraction Oil & Gas Inc will post 0.52 EPS for the current year.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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