Oppenheimer & Co. Inc. Boosts Position in Whiting Petroleum Corp (NYSE:WLL)

Oppenheimer & Co. Inc. boosted its position in shares of Whiting Petroleum Corp (NYSE:WLL) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,825 shares of the oil and gas exploration company’s stock after purchasing an additional 2,679 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Whiting Petroleum were worth $191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Whiting Petroleum by 183.1% in the second quarter. AQR Capital Management LLC now owns 2,468,822 shares of the oil and gas exploration company’s stock valued at $45,229,000 after acquiring an additional 1,596,609 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Whiting Petroleum by 158.9% in the second quarter. Macquarie Group Ltd. now owns 2,078,824 shares of the oil and gas exploration company’s stock valued at $38,833,000 after acquiring an additional 1,275,916 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Whiting Petroleum by 0.4% in the second quarter. Earnest Partners LLC now owns 1,222,207 shares of the oil and gas exploration company’s stock valued at $22,831,000 after acquiring an additional 4,266 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Whiting Petroleum by 13,495.9% in the second quarter. Victory Capital Management Inc. now owns 1,073,529 shares of the oil and gas exploration company’s stock valued at $20,054,000 after acquiring an additional 1,065,633 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Whiting Petroleum by 20.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 927,289 shares of the oil and gas exploration company’s stock valued at $17,322,000 after acquiring an additional 158,045 shares in the last quarter.

NYSE:WLL remained flat at $$6.74 on Wednesday. The company’s stock had a trading volume of 2,524,738 shares, compared to its average volume of 6,663,999. The stock has a market capitalization of $606.23 million, a PE ratio of 3.09 and a beta of 3.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.44 and a current ratio of 0.44. The business has a fifty day moving average of $7.28 and a two-hundred day moving average of $13.54. Whiting Petroleum Corp has a 12 month low of $6.00 and a 12 month high of $34.47.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.30). The firm had revenue of $372.89 million for the quarter, compared to analyst estimates of $405.25 million. Whiting Petroleum had a negative return on equity of 1.90% and a net margin of 6.62%. The business’s revenue was down 34.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. Research analysts expect that Whiting Petroleum Corp will post -0.76 EPS for the current year.

Several analysts have recently issued reports on the company. Scotiabank downgraded 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 dropped their target price for the company from $19.00 to $11.00 in a research note on Tuesday, September 10th. ValuEngine upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James lowered Whiting Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $25.00 to $10.00 in a research note on Thursday, October 17th. Finally, Oppenheimer lowered Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $15.59.

About Whiting Petroleum

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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