Vanguard Group Inc. increased its position in Whiting Petroleum Corporation (NYSE:WLL) by 28.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,919,350 shares of the oil and gas exploration company’s stock after buying an additional 6,211,479 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Whiting Petroleum Corporation worth $264,116,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of WLL. World Asset Management Inc increased its position in Whiting Petroleum Corporation by 4.7% in 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 buying an additional 570 shares during the last quarter. Keybank National Association OH acquired a new position in Whiting Petroleum Corporation during the fourth quarter valued at approximately $121,000. Capital Innovations LLC acquired a new position in Whiting Petroleum Corporation during the first quarter valued at approximately $133,000. Robecosam AG acquired a new position in Whiting Petroleum Corporation during the first quarter valued at approximately $138,000. Finally, Koch Industries Inc. acquired a new position in Whiting Petroleum Corporation during the first quarter valued at approximately $138,000. 82.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whiting Petroleum Corporation (WLL) opened at 4.98 on Monday. The company’s market cap is $1.81 billion. The company has a 50 day moving average of $6.88 and a 200 day moving average of $9.51. Whiting Petroleum Corporation has a 1-year low of $4.81 and a 1-year high of $13.39.
Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.07. Whiting Petroleum Corporation had a negative net margin of 106.04% and a negative return on equity of 8.76%. The business had revenue of $371.30 million for the quarter, compared to analyst estimates of $359.28 million. During the same quarter in the prior year, the business earned ($0.85) EPS. Whiting Petroleum Corporation’s quarterly revenue was up 28.2% on a year-over-year basis. Equities analysts expect that Whiting Petroleum Corporation will post ($0.55) earnings per share for the current fiscal year.
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WLL has been the topic of several analyst reports. FBR & Co lowered their target price on shares of Whiting Petroleum Corporation from $13.00 to $11.00 and set a “mkt perform” rating on the stock in a research report on Wednesday, May 10th. Credit Suisse Group reissued an “outperform” rating and set a $15.00 target price on shares of Whiting Petroleum Corporation in a research report on Monday, May 8th. Scotiabank set a $16.00 target price on shares of Whiting Petroleum Corporation and gave the stock a “buy” rating in a research report on Monday, March 27th. R. F. Lafferty increased their target price on shares of Whiting Petroleum Corporation from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $14.00 target price on shares of Whiting Petroleum Corporation in a research report on Friday, March 24th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.07.
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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