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.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.13. Whiting Petroleum had a negative return on equity of 3.96% and a negative net margin of 83.54%. The business had revenue of $474.40 million during the quarter, compared to the consensus estimate of $424.55 million. During the same period last year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. equities analysts predict that Whiting Petroleum Corp will post 0.47 EPS for the current fiscal year.

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.

TRADEMARK VIOLATION NOTICE: This piece was posted by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.watchlistnews.com/verition-fund-management-llc-sells-2105-shares-of-whiting-petroleum-corp-wll/1961459.html.

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.

Want to see what other hedge funds are holding WLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whiting Petroleum Corp (NYSE:WLL).

Institutional Ownership by Quarter for Whiting Petroleum (NYSE:WLL)

Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.