CIBC Asset Management Inc Boosts Holdings in Advantage Oil & Gas Ltd (AAV)

CIBC Asset Management Inc grew its holdings in shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) by 269.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,630,494 shares of the oil and gas company’s stock after purchasing an additional 1,188,841 shares during the period. CIBC Asset Management Inc owned approximately 0.88% of Advantage Oil & Gas worth $10,192,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AAV. Vanguard Group Inc. lifted its holdings in shares of Advantage Oil & Gas by 1.8% during the first quarter. Vanguard Group Inc. now owns 3,595,570 shares of the oil and gas company’s stock valued at $23,731,000 after purchasing an additional 64,606 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Advantage Oil & Gas by 53.2% during the first quarter. Morgan Stanley now owns 1,548,511 shares of the oil and gas company’s stock valued at $10,220,000 after purchasing an additional 537,472 shares during the last quarter. KCG Holdings Inc. lifted its holdings in shares of Advantage Oil & Gas by 19.6% during the first quarter. KCG Holdings Inc. now owns 18,951 shares of the oil and gas company’s stock valued at $125,000 after purchasing an additional 3,100 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Advantage Oil & Gas by 10.5% during the first quarter. Bank of America Corp DE now owns 43,277 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 4,125 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of Advantage Oil & Gas by 5.8% during the first quarter. Credit Suisse AG now owns 445,348 shares of the oil and gas company’s stock valued at $2,940,000 after purchasing an additional 24,595 shares during the last quarter. Hedge funds and other institutional investors own 54.98% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Advantage Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BMO Capital Markets lowered shares of Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price for the company. in a report on Tuesday, October 10th. Royal Bank Of Canada reiterated a “hold” rating and set a $11.00 target price on shares of Advantage Oil & Gas in a report on Monday, September 25th. BidaskClub lowered shares of Advantage Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, TheStreet upgraded shares of Advantage Oil & Gas from a “c” rating to a “b-” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Advantage Oil & Gas has an average rating of “Hold” and an average price target of $9.44.

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Shares of Advantage Oil & Gas Ltd (AAV) traded down $0.25 during midday trading on Tuesday, reaching $5.65. 114,600 shares of the company were exchanged, compared to its average volume of 101,253. Advantage Oil & Gas Ltd has a 52 week low of $5.05 and a 52 week high of $7.55. The stock has a market cap of $1,097.18, a price-to-earnings ratio of 36.88 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.78 and a current ratio of 0.78.

Advantage Oil & Gas Profile

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

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Institutional Ownership by Quarter for Advantage Oil & Gas (NYSE:AAV)

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