Whiting Petroleum Corp (NYSE:WLL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Whiting Petroleum Corp (NYSE:WLL) by 13.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 417,111 shares of the oil and gas exploration company’s stock after selling 65,602 shares during the period. Prudential Financial Inc.’s holdings in Whiting Petroleum were worth $7,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Whiting Petroleum by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 876,531 shares of the oil and gas exploration company’s stock valued at $19,887,000 after buying an additional 25,116 shares during the period. Bank of Montreal Can increased its stake in shares of Whiting Petroleum by 43.2% in the first quarter. Bank of Montreal Can now owns 72,597 shares of the oil and gas exploration company’s stock worth $1,898,000 after buying an additional 21,909 shares during the last quarter. Rhumbline Advisers raised its holdings in Whiting Petroleum by 147.6% in the first quarter. Rhumbline Advisers now owns 206,832 shares of the oil and gas exploration company’s stock valued at $5,407,000 after acquiring an additional 123,286 shares in the last quarter. Comerica Bank bought a new position in Whiting Petroleum during the 1st quarter valued at $2,730,000. Finally, Texas Permanent School Fund bought a new position in Whiting Petroleum during the 1st quarter valued at $1,615,000. 99.75% of the stock is currently owned by institutional investors and hedge funds.

WLL has been the subject of several research analyst reports. Citigroup dropped their target price on shares of Whiting Petroleum from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Scotiabank cut shares of Whiting Petroleum from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 19th. Bank of America lowered Whiting Petroleum from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $11.00 in a report on Tuesday. Oppenheimer cut Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. Finally, Stephens downgraded Whiting Petroleum from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $24.00 to $14.00 in a report on Monday, August 19th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.84.

NYSE WLL traded up $0.65 during trading hours on Wednesday, reaching $8.58. The company’s stock had a trading volume of 307,397 shares, compared to its average volume of 6,954,378. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $19.40. Whiting Petroleum Corp has a 52 week low of $6.00 and a 52 week high of $55.17. The stock has a market cap of $755.05 million, a PE ratio of 3.92 and a beta of 3.16.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.52). The company had revenue of $426.26 million during the quarter, compared to analyst estimates of $452.02 million. Whiting Petroleum had a net margin of 13.51% and a return on equity of 0.96%. The business’s revenue was down 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. As a group, equities analysts predict that Whiting Petroleum Corp will post -0.15 EPS for the current year.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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

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