UBS Asset Management Americas Inc. Takes Position in Extraction Oil & Gas Inc (XOG)

UBS Asset Management Americas Inc. purchased a new position in shares of Extraction Oil & Gas Inc (NYSE:XOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 439,792 shares of the energy company’s stock, valued at approximately $5,915,000.

Several other institutional investors also recently made changes to their positions in XOG. OZ Management LP acquired a new stake in shares of Extraction Oil & Gas during the 1st quarter worth approximately $309,828,000. BlackRock Inc. raised its position in shares of Extraction Oil & Gas by 743.0% during the 1st quarter. BlackRock Inc. now owns 9,822,422 shares of the energy company’s stock worth $182,206,000 after purchasing an additional 8,657,191 shares during the period. Vanguard Group Inc. raised its position in shares of Extraction Oil & Gas by 98.6% during the 1st quarter. Vanguard Group Inc. now owns 4,146,115 shares of the energy company’s stock worth $76,911,000 after purchasing an additional 2,058,376 shares during the period. FMR LLC raised its position in shares of Extraction Oil & Gas by 14.8% during the 1st quarter. FMR LLC now owns 12,944,940 shares of the energy company’s stock worth $240,129,000 after purchasing an additional 1,667,142 shares during the period. Finally, State Street Corp raised its position in shares of Extraction Oil & Gas by 437.2% during the 1st quarter. State Street Corp now owns 1,801,959 shares of the energy company’s stock worth $33,423,000 after purchasing an additional 1,466,541 shares during the period.

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Extraction Oil & Gas Inc (XOG) opened at 15.05 on Friday. The company has a 50-day moving average price of $14.52 and a 200-day moving average price of $14.52. Extraction Oil & Gas Inc has a one year low of $12.98 and a one year high of $25.08.

Extraction Oil & Gas (NYSE:XOG) last posted its earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Extraction Oil & Gas had a net margin of 6.05% and a return on equity of 0.78%. The company had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $121.15 million. The business’s revenue for the quarter was up 83.2% compared to the same quarter last year. On average, analysts anticipate that Extraction Oil & Gas Inc will post $0.02 EPS for the current year.

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada set a $25.00 price objective on Extraction Oil & Gas and gave the stock a “buy” rating in a report on Saturday, June 24th. Williams Capital reissued a “buy” rating and issued a $21.00 price objective on shares of Extraction Oil & Gas in a report on Monday, October 2nd. Zacks Investment Research lowered Extraction Oil & Gas from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. BMO Capital Markets raised Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a report on Monday, August 7th. They noted that the move was a valuation call. Finally, KeyCorp reissued a “buy” rating and issued a $17.00 price objective on shares of Extraction Oil & Gas in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Extraction Oil & Gas currently has a consensus rating of “Buy” and a consensus target price of $21.33.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NYSE:XOG)

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