Legal & General Group Plc grew its position in Extraction Oil & Gas Inc (NASDAQ:XOG) by 143.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,037 shares of the energy company’s stock after buying an additional 16,500 shares during the quarter. Legal & General Group Plc’s holdings in Extraction Oil & Gas were worth $432,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new position in Extraction Oil & Gas during the 2nd quarter valued at about $144,000. Vanguard Group Inc. grew its stake in Extraction Oil & Gas by 87.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock valued at $104,744,000 after purchasing an additional 3,641,505 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Extraction Oil & Gas during the 2nd quarter valued at about $5,915,000. Ameriprise Financial Inc. grew its stake in Extraction Oil & Gas by 2,942.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 539,525 shares of the energy company’s stock valued at $7,257,000 after purchasing an additional 521,790 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Extraction Oil & Gas by 16.4% during the 2nd quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock valued at $153,792,000 after purchasing an additional 1,612,047 shares during the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.
Extraction Oil & Gas Inc (NASDAQ XOG) opened at $14.16 on Friday. The stock has a market capitalization of $2,430.00 and a price-to-earnings ratio of -8.18. Extraction Oil & Gas Inc has a fifty-two week low of $11.31 and a fifty-two week high of $20.00. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57.
In other Extraction Oil & Gas news, insider Matthew R. Owens sold 400,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $14.81, for a total value of $5,924,000.00. Following the sale, the insider now directly owns 1,081,051 shares in the company, valued at $16,010,365.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.70% of the stock is owned by company insiders.
XOG has been the topic of a number of recent research reports. Imperial Capital initiated coverage on Extraction Oil & Gas in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $20.00 target price on the stock. SunTrust Banks set a $21.00 price target on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research cut Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Credit Suisse Group began coverage on Extraction Oil & Gas in a report on Monday, December 11th. They set an “outperform” rating and a $19.00 target price for the company. Finally, Williams Capital set a $21.00 target price on Extraction Oil & Gas and gave the company a “buy” rating in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Extraction Oil & Gas presently has a consensus rating of “Hold” and a consensus target price of $19.50.
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Extraction Oil & Gas 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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