Frontier Wealth Management LLC boosted its position in Whiting Petroleum Corporation (NYSE:WLL) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,161 shares of the oil and gas exploration company’s stock after acquiring an additional 3,000 shares during the period. Frontier Wealth Management LLC’s holdings in Whiting Petroleum Corporation were worth $155,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nationwide Fund Advisors increased its position in shares of Whiting Petroleum Corporation by 14.7% in the first quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock valued at $421,000 after acquiring an additional 5,717 shares during the period. Swiss National Bank raised its stake in shares of Whiting Petroleum Corporation by 3.5% during the first quarter. Swiss National Bank now owns 468,500 shares of the oil and gas exploration company’s stock valued at $4,432,000 after acquiring an additional 15,800 shares during the last quarter. World Asset Management Inc raised its stake in shares of Whiting Petroleum Corporation by 4.7% during the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after acquiring an additional 570 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Whiting Petroleum Corporation during the first quarter valued at about $1,090,000. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Whiting Petroleum Corporation during the first quarter valued at about $482,000. 84.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of Whiting Petroleum Corporation (WLL) opened at 5.16 on Monday. The firm’s 50 day moving average price is $4.60 and its 200-day moving average price is $6.72. Whiting Petroleum Corporation has a 1-year low of $3.97 and a 1-year high of $13.39. The company’s market capitalization is $1.87 billion.

Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The company had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. During the same quarter last year, the business posted ($0.70) EPS. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. Analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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A number of research firms have commented on WLL. BMO Capital Markets reaffirmed a “hold” rating and set a $10.00 price target on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Seaport Global Securities lowered Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $10.00 to $4.00 in a research report on Wednesday, June 21st. Piper Jaffray Companies cut their price objective on Whiting Petroleum Corporation from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. BidaskClub cut Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Morgan Stanley cut Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $5.00 to $3.50 in a research note on Tuesday, September 12th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Whiting Petroleum Corporation currently has a consensus rating of “Hold” and a consensus price target of $10.40.

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

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