Dimensional Fund Advisors LP Lowers Position in Whiting Petroleum Corp (WLL)
Dimensional Fund Advisors LP lowered its stake in shares of Whiting Petroleum Corp (NYSE:WLL) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,189,114 shares of the oil and gas exploration company’s stock after selling 2,609,887 shares during the quarter. Dimensional Fund Advisors LP owned about 25.57% of Whiting Petroleum worth $126,614,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP purchased a new position in shares of Whiting Petroleum during the second quarter worth about $8,265,000. Marshall Wace North America L.P. purchased a new stake in Whiting Petroleum in the 2nd quarter valued at approximately $1,268,000. Stephens Inc. AR boosted its holdings in Whiting Petroleum by 684.7% in the 2nd quarter. Stephens Inc. AR now owns 655,538 shares of the oil and gas exploration company’s stock valued at $3,612,000 after purchasing an additional 571,993 shares in the last quarter. Shell Asset Management Co. purchased a new stake in Whiting Petroleum in the 3rd quarter valued at approximately $1,565,000. Finally, DFT Energy LP boosted its holdings in Whiting Petroleum by 25.0% in the 3rd quarter. DFT Energy LP now owns 2,000,000 shares of the oil and gas exploration company’s stock valued at $11,060,000 after purchasing an additional 400,000 shares in the last quarter.
Shares of Whiting Petroleum Corp (NYSE WLL) traded down $0.06 during trading on Friday, hitting $22.33. The company had a trading volume of 4,758,122 shares, compared to its average volume of 5,663,240. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum Corp has a 1 year low of $15.88 and a 1 year high of $53.48.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. During the same period in the previous year, the firm posted ($1.88) EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. analysts forecast that Whiting Petroleum Corp will post -2.36 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Imperial Capital assumed coverage on Whiting Petroleum in a report on Thursday, September 28th. They issued an “in-line” rating and a $24.00 price objective on the stock. R. F. Lafferty reiterated a “hold” rating and set a $28.00 price target on shares of Whiting Petroleum in a research report on Tuesday, December 12th. Credit Suisse Group initiated coverage on shares of Whiting Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $29.00 price target for the company. KeyCorp reiterated a “buy” rating and set a $28.00 price target on shares of Whiting Petroleum in a research report on Tuesday, September 19th. Finally, BMO Capital Markets set a $24.00 price target on shares of Whiting Petroleum and gave the company a “hold” rating in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $33.83.
Whiting Petroleum Company Profile
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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