Whiting Petroleum Corporation (WLL) Shares Bought by HL Financial Services LLC
HL Financial Services LLC boosted its position in Whiting Petroleum Corporation (NYSE:WLL) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 49,780 shares of the oil and gas exploration company’s stock after buying an additional 1,000 shares during the period. HL Financial Services LLC’s holdings in Whiting Petroleum Corporation were worth $274,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WLL. Vanguard Group Inc. increased its position in Whiting Petroleum Corporation by 28.6% in the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after buying an additional 6,211,479 shares during the period. Dimensional Fund Advisors LP increased its position in Whiting Petroleum Corporation by 95.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after buying an additional 10,428,144 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Whiting Petroleum Corporation by 10.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 18,077,394 shares of the oil and gas exploration company’s stock worth $171,012,000 after buying an additional 1,676,942 shares during the period. Snow Capital Management LP increased its position in Whiting Petroleum Corporation by 25.4% in the first quarter. Snow Capital Management LP now owns 3,556,529 shares of the oil and gas exploration company’s stock worth $33,645,000 after buying an additional 720,777 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Whiting Petroleum Corporation during the first quarter worth $29,442,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.
Shares of Whiting Petroleum Corporation (WLL) opened at 4.66 on Wednesday. Whiting Petroleum Corporation has a 52 week low of $4.47 and a 52 week high of $13.39. The stock’s market capitalization is $1.69 billion. The firm’s 50-day moving average is $5.15 and its 200-day moving average is $7.86.
Whiting Petroleum Corporation (NYSE:WLL) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business had revenue of $311.50 million during the quarter, compared to the consensus estimate of $345.64 million. During the same period in the previous year, the firm posted ($0.70) earnings per share. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts forecast that Whiting Petroleum Corporation will post ($0.71) earnings per share for the current fiscal year.
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A number of research analysts have weighed in on WLL shares. Citigroup Inc. reduced their target price on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, July 13th. Seaport Global Securities downgraded Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $10.00 to $4.00 in a report on Wednesday, June 21st. Cowen and Company set a $8.00 target price on Whiting Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research upgraded Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, KLR Group upped their target price on Whiting Petroleum Corporation from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.28.
Whiting Petroleum Corporation 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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