Montrusco Bolton Investments Inc. increased its stake in shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) by 7.9% in the 4th quarter, Holdings Channel reports. The firm owned 7,987,585 shares of the oil and gas company’s stock after buying an additional 581,562 shares during the period. Advantage Oil & Gas accounts for approximately 1.9% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 14th biggest position. Montrusco Bolton Investments Inc.’s holdings in Advantage Oil & Gas were worth $34,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its holdings in shares of Advantage Oil & Gas by 22.8% during the second quarter. Citadel Advisors LLC now owns 16,197 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 3,008 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Advantage Oil & Gas by 4.0% during the second quarter. Legal & General Group Plc now owns 31,034 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 1,188 shares during the last quarter. Shell Asset Management Co. raised its holdings in shares of Advantage Oil & Gas by 104.6% during the third quarter. Shell Asset Management Co. now owns 39,214 shares of the oil and gas company’s stock valued at $223,000 after purchasing an additional 20,050 shares during the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Advantage Oil & Gas by 57.9% during the third quarter. Ingalls & Snyder LLC now owns 43,650 shares of the oil and gas company’s stock valued at $275,000 after purchasing an additional 16,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Advantage Oil & Gas by 11.8% during the second quarter. UBS Asset Management Americas Inc. now owns 64,500 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 6,800 shares during the last quarter. 54.82% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on AAV shares. 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 target price on shares of Advantage Oil & Gas in a report on Monday, September 25th. Scotiabank reaffirmed a “buy” rating and set a $11.50 target price on shares of Advantage Oil & Gas in a report on Tuesday, October 10th. BMO Capital Markets cut shares of Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price for the company. in a report on Tuesday, October 10th. Finally, TheStreet cut shares of Advantage Oil & Gas from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Advantage Oil & Gas presently has a consensus rating of “Hold” and a consensus price target of $9.44.

Shares of Advantage Oil & Gas Ltd (NYSE:AAV) remained flat at $$3.65 during mid-day trading on Friday. 470,900 shares of the company were exchanged, compared to its average volume of 339,975. Advantage Oil & Gas Ltd has a 1-year low of $3.60 and a 1-year high of $7.35. The firm has a market capitalization of $675.96, a PE ratio of 13.52 and a beta of 0.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.12.

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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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