California Public Employees Retirement System grew its stake in Whiting Petroleum Corp (NYSE:WLL) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 685,691 shares of the oil and gas exploration company’s stock after buying an additional 37,993 shares during the quarter. California Public Employees Retirement System owned 0.76% of Whiting Petroleum worth $3,744,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Whiting Petroleum by 44.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after buying an additional 8,737,870 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Whiting Petroleum by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock valued at $155,236,000 after buying an additional 254,053 shares during the period. Fine Capital Partners L.P. lifted its holdings in shares of Whiting Petroleum by 23.7% in the 3rd quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after buying an additional 5,057,592 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Whiting Petroleum by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after buying an additional 4,483,396 shares during the period. Finally, Schneider Capital Management Corp lifted its holdings in shares of Whiting Petroleum by 63.7% in the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after buying an additional 2,230,237 shares during the period.
Shares of Whiting Petroleum Corp (NYSE WLL) opened at $29.72 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $2,700.00, a P/E ratio of -4.14 and a beta of 3.39. Whiting Petroleum Corp has a 52-week low of $15.88 and a 52-week high of $52.32.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.24. The business had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.88) earnings per share. sell-side analysts predict that Whiting Petroleum Corp will post -2.27 EPS for the current fiscal year.
WLL has been the subject of several analyst reports. Morgan Stanley set a $16.00 price objective on Whiting Petroleum and gave the company a “sell” rating in a report on Thursday, October 26th. SunTrust Banks set a $36.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a report on Friday, October 20th. Zacks Investment Research raised Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Thursday, October 12th. Cowen reissued a “buy” rating and issued a $32.00 price objective on shares of Whiting Petroleum in a report on Friday, November 10th. Finally, Stifel Nicolaus set a $40.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a report on Thursday, October 26th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating to the company’s stock. Whiting Petroleum has a consensus rating of “Hold” and a consensus price target of $33.31.
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Whiting Petroleum 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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