Portolan Capital Management LLC lifted its stake in Extraction Oil & Gas Inc (NASDAQ:XOG) by 47.8% during the second quarter, Holdings Channel reports. The fund owned 1,590,827 shares of the energy company’s stock after purchasing an additional 514,719 shares during the quarter. Extraction Oil & Gas comprises approximately 2.4% of Portolan Capital Management LLC’s holdings, making the stock its 9th biggest position. Portolan Capital Management LLC’s holdings in Extraction Oil & Gas were worth $23,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC increased its stake in shares of Extraction Oil & Gas by 47.5% in the second quarter. Voya Investment Management LLC now owns 46,901 shares of the energy company’s stock worth $689,000 after acquiring an additional 15,099 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Extraction Oil & Gas by 97.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 44,401 shares of the energy company’s stock worth $652,000 after acquiring an additional 21,954 shares during the last quarter. FMR LLC increased its stake in shares of Extraction Oil & Gas by 38.2% in the second quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after acquiring an additional 3,697,918 shares during the last quarter. Cortina Asset Management LLC acquired a new position in shares of Extraction Oil & Gas in the second quarter worth $5,607,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Extraction Oil & Gas by 100.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock worth $50,878,000 after acquiring an additional 1,738,601 shares during the last quarter. 92.34% of the stock is currently owned by institutional investors and hedge funds.

Extraction Oil & Gas stock opened at $10.83 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.37 and a current ratio of 0.41. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 361.00 and a beta of 0.75. Extraction Oil & Gas Inc has a one year low of $10.28 and a one year high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last posted its earnings results on Tuesday, August 7th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The business had revenue of $260.20 million for the quarter, compared to analyst estimates of $234.15 million. Extraction Oil & Gas had a positive return on equity of 0.82% and a negative net margin of 11.69%. sell-side analysts predict that Extraction Oil & Gas Inc will post 0.52 EPS for the current fiscal year.

XOG has been the topic of a number of research reports. TheStreet raised shares of Extraction Oil & Gas from a “d+” rating to a “c-” rating in a research note on Thursday, May 17th. BidaskClub raised shares of Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Tuesday, May 22nd. ValuEngine raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Jefferies Financial Group set a $16.00 target price on shares of Extraction Oil & Gas and gave the stock a “hold” rating in a research report on Friday, July 13th. Finally, Macquarie downgraded shares of Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Extraction Oil & Gas currently has an average rating of “Buy” and an average target price of $19.33.

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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