Verition Fund Management LLC Sells 2,105 Shares of Whiting Petroleum Corp (WLL)
Verition Fund Management LLC lowered its position in Whiting Petroleum Corp (NYSE:WLL) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,087 shares of the oil and gas exploration company’s stock after selling 2,105 shares during the period. Verition Fund Management LLC’s holdings in Whiting Petroleum were worth $479,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in Whiting Petroleum in the fourth quarter worth approximately $138,000. Aveo Capital Partners LLC bought a new position in Whiting Petroleum in the fourth quarter worth approximately $306,000. Phoenix Investment Adviser LLC bought a new position in Whiting Petroleum in the fourth quarter worth approximately $457,000. Alambic Investment Management L.P. bought a new position in Whiting Petroleum in the fourth quarter worth approximately $466,000. Finally, Quantitative Investment Management LLC bought a new position in Whiting Petroleum in the fourth quarter worth approximately $473,000. Institutional investors and hedge funds own 97.55% of the company’s stock.
Shares of Whiting Petroleum Corp (NYSE WLL) opened at $33.26 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.77 and a quick ratio of 0.77. Whiting Petroleum Corp has a 52-week low of $15.88 and a 52-week high of $41.48. The stock has a market capitalization of $3,056.06, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 4.85 and a beta of 3.18.
In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $27.77, for a total value of $29,408.43. Following the completion of the sale, the vice president now directly owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.
Several research analysts have issued reports on the company. Morgan Stanley increased their price target on Whiting Petroleum from $14.40 to $22.00 and gave the stock a “sell” rating in a report on Wednesday, January 24th. Piper Jaffray Companies set a $45.00 price objective on Whiting Petroleum and gave the stock a “hold” rating in a research note on Wednesday, March 14th. Johnson Rice started coverage on Whiting Petroleum in a research note on Wednesday. They issued a “buy” rating and a $58.00 price objective for the company. Cowen set a $35.00 price objective on Whiting Petroleum and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Mizuho set a $32.00 price objective on Whiting Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.74.
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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