Exencial Wealth Advisors LLC Buys 210,841 Shares of Oasis Petroleum Inc. (OAS)

Exencial Wealth Advisors LLC grew its stake in Oasis Petroleum Inc. (NYSE:OAS) by 53.4% during the first quarter, HoldingsChannel reports. The firm owned 605,430 shares of the energy producer’s stock after purchasing an additional 210,841 shares during the period. Exencial Wealth Advisors LLC’s holdings in Oasis Petroleum were worth $3,657,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC grew its position in Oasis Petroleum by 0.6% in the 3rd quarter. Teachers Advisors LLC now owns 1,816,689 shares of the energy producer’s stock valued at $25,761,000 after buying an additional 11,095 shares in the last quarter. Vanguard Group Inc lifted its holdings in Oasis Petroleum by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 27,628,999 shares of the energy producer’s stock valued at $391,779,000 after acquiring an additional 462,112 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Oasis Petroleum by 2,180.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 45,390 shares of the energy producer’s stock valued at $251,000 after acquiring an additional 43,400 shares during the last quarter. Bank of Montreal Can lifted its holdings in Oasis Petroleum by 5.0% in the 4th quarter. Bank of Montreal Can now owns 209,757 shares of the energy producer’s stock valued at $1,160,000 after acquiring an additional 9,927 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in Oasis Petroleum in the 4th quarter valued at about $134,000. Institutional investors own 98.95% of the company’s stock.

OAS stock opened at $5.81 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.74. Oasis Petroleum Inc. has a one year low of $4.74 and a one year high of $14.57. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.46 and a beta of 2.11.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Tuesday, May 7th. The energy producer reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Oasis Petroleum had a negative net margin of 6.78% and a positive return on equity of 1.14%. The firm had revenue of $575.73 million for the quarter, compared to analysts’ expectations of $421.65 million. During the same period in the prior year, the company posted $0.10 earnings per share. Oasis Petroleum’s quarterly revenue was up 21.5% compared to the same quarter last year. Sell-side analysts predict that Oasis Petroleum Inc. will post 0.24 EPS for the current year.

In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total transaction of $241,600.00. Following the completion of the sale, the vice president now directly owns 536,017 shares of the company’s stock, valued at $3,237,542.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Williams Capital reissued a “buy” rating and issued a $9.00 price target on shares of Oasis Petroleum in a report on Wednesday, May 8th. ValuEngine downgraded shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd. Ifs Securities downgraded shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and cut their price target for the company from $8.00 to $7.00 in a report on Tuesday, April 23rd. Capital One Financial raised shares of Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a report on Wednesday, March 20th. Finally, Citigroup cut their price target on shares of Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. Oasis Petroleum presently has a consensus rating of “Buy” and an average target price of $12.88.

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Oasis Petroleum Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

See Also: Insider Trading

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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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