Fox Run Management L.L.C. purchased a new stake in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 47,225 shares of the energy company’s stock, valued at approximately $676,000.
Several other hedge funds have also recently modified their holdings of XOG. Simplex Trading LLC boosted its position in shares of Extraction Oil & Gas by 322.5% in the fourth quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock worth $102,000 after buying an additional 5,443 shares during the period. Citigroup Inc. boosted its position in Extraction Oil & Gas by 147.4% during the second quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after purchasing an additional 5,305 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Extraction Oil & Gas during the second quarter valued at $144,000. Legal & General Group Plc boosted its position in Extraction Oil & Gas by 14.4% during the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock valued at $155,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Calamos Advisors LLC acquired a new stake in Extraction Oil & Gas during the third quarter valued at $156,000. Institutional investors own 92.33% of the company’s stock.
A number of research firms have recently commented on XOG. BidaskClub upgraded Extraction Oil & Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, November 1st. Williams Capital restated a “buy” rating and set a $22.00 price target on shares of Extraction Oil & Gas in a research note on Thursday, January 18th. Macquarie assumed coverage on Extraction Oil & Gas in a research note on Thursday, January 25th. They set an “outperform” rating and a $19.00 price target on the stock. ValuEngine downgraded Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Extraction Oil & Gas in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $19.54.
Shares of Extraction Oil & Gas Inc (XOG) traded up $0.20 during midday trading on Monday, reaching $12.63. 798,667 shares of the company were exchanged, compared to its average volume of 1,579,930. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.97 and a quick ratio of 0.92. Extraction Oil & Gas Inc has a 12-month low of $11.31 and a 12-month high of $19.22.
In other news, insider Matthew R. Owens sold 400,000 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total transaction of $5,924,000.00. Following the completion of the transaction, the insider now directly owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.70% of the company’s stock.
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About Extraction Oil & Gas
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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