California State Teachers Retirement System lessened its position in Whiting Petroleum Corp (NYSE:WLL) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,887 shares of the oil and gas exploration company’s stock after selling 1,371 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Whiting Petroleum worth $3,287,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Whiting Petroleum by 902.8% in the third quarter. Janus Henderson Group PLC now owns 141,400 shares of the oil and gas exploration company’s stock valued at $7,500,000 after buying an additional 127,300 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Whiting Petroleum during the third quarter worth about $1,132,000. Hsbc Holdings PLC increased its holdings in Whiting Petroleum by 84.8% in the third quarter. Hsbc Holdings PLC now owns 10,998 shares of the oil and gas exploration company’s stock worth $583,000 after purchasing an additional 5,046 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Whiting Petroleum by 122.0% in the third quarter. GSA Capital Partners LLP now owns 17,044 shares of the oil and gas exploration company’s stock worth $904,000 after purchasing an additional 9,367 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Whiting Petroleum by 240.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock worth $172,000 after purchasing an additional 2,295 shares in the last quarter. 98.79% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Peter Hagist sold 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the sale, the insider now directly owns 43,930 shares in the company, valued at approximately $1,106,596.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Philip Edward Doty sold 2,500 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the transaction, the director now owns 16,822 shares of the company’s stock, valued at $414,157.64. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
Whiting Petroleum (NYSE:WLL) last issued its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.55). The firm had revenue of $473.20 million during the quarter, compared to the consensus estimate of $484.96 million. Whiting Petroleum had a net margin of 16.45% and a return on equity of 5.45%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Research analysts anticipate that Whiting Petroleum Corp will post 1.47 earnings per share for the current fiscal year.
WLL has been the subject of a number of research analyst reports. ValuEngine upgraded Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Raymond James set a $52.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Robert W. Baird set a $30.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a research note on Friday, February 8th. KeyCorp started coverage on Whiting Petroleum in a research note on Tuesday, February 12th. They issued an “overweight” rating and a $33.00 price objective for the company. Finally, Zacks Investment Research raised Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $48.24.
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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.
Further Reading: Outstanding Shares
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