BlueMountain Capital Management LLC grew its holdings in Whiting Petroleum Corporation (NYSE:WLL) by 211.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,726 shares of the oil and gas exploration company’s stock after purchasing an additional 424,132 shares during the quarter. BlueMountain Capital Management LLC owned about 0.17% of Whiting Petroleum Corporation worth $3,442,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WLL. Chicago Equity Partners LLC purchased a new position in Whiting Petroleum Corporation in the 2nd quarter worth approximately $102,000. Campbell & CO Investment Adviser LLC lifted its stake in Whiting Petroleum Corporation by 24.4% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock worth $112,000 after purchasing an additional 3,988 shares in the last quarter. World Asset Management Inc lifted its stake in Whiting Petroleum Corporation by 4.7% in the 1st quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after purchasing an additional 570 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new position in Whiting Petroleum Corporation in the 2nd quarter worth approximately $121,000. Finally, Gotham Asset Management LLC lifted its stake in Whiting Petroleum Corporation by 22.8% in the 1st quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock worth $131,000 after purchasing an additional 2,566 shares in the last quarter. 83.96% of the stock is currently owned by institutional investors and hedge funds.
Whiting Petroleum Corporation (NYSE WLL) opened at 4.86 on Friday. The stock’s 50 day moving average is $4.62 and its 200-day moving average is $6.87. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The firm’s market capitalization is $1.76 billion.
Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. During the same period in the previous year, the firm earned ($0.70) EPS. Whiting Petroleum Corporation’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.
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WLL has been the topic of a number of research reports. Tudor Pickering lowered shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. ValuEngine lowered shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Whiting Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Bank of America Corporation assumed coverage on shares of Whiting Petroleum Corporation in a research report on Wednesday, July 19th. They set an “underperform” rating and a $6.00 price target on the stock. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.99.
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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