Engineers Gate Manager LP Purchases Shares of 143,012 Extraction Oil & Gas Inc (XOG)

Engineers Gate Manager LP acquired a new position in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 143,012 shares of the energy company’s stock, valued at approximately $2,047,000. Engineers Gate Manager LP owned approximately 0.08% of Extraction Oil & Gas as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in XOG. Schwab Charles Investment Management Inc. lifted its stake in Extraction Oil & Gas by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 152,375 shares of the energy company’s stock valued at $2,050,000 after buying an additional 13,712 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Extraction Oil & Gas by 14.4% in 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 period. Alliancebernstein L.P. increased its holdings in shares of Extraction Oil & Gas by 49.1% in the second quarter. Alliancebernstein L.P. now owns 74,148 shares of the energy company’s stock valued at $997,000 after purchasing an additional 24,403 shares during the period. Teachers Advisors LLC increased its holdings in shares of Extraction Oil & Gas by 198.9% in the second quarter. Teachers Advisors LLC now owns 139,915 shares of the energy company’s stock valued at $1,882,000 after purchasing an additional 93,106 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Extraction Oil & Gas by 224.3% in the second quarter. TIAA CREF Investment Management LLC now owns 354,025 shares of the energy company’s stock valued at $4,762,000 after purchasing an additional 244,845 shares during the period. 92.33% of the stock is owned by institutional investors and hedge funds.

Extraction Oil & Gas Inc (NASDAQ:XOG) traded down $0.24 during trading hours on Wednesday, reaching $12.39. The company’s stock had a trading volume of 639,400 shares, compared to its average volume of 1,507,767. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 0.97. Extraction Oil & Gas Inc has a 52 week low of $11.31 and a 52 week high of $19.22.

XOG has been the topic of several research reports. Imperial Capital initiated coverage on Extraction Oil & Gas in a report 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 objective on Extraction Oil & Gas and gave the company a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Credit Suisse Group assumed coverage on Extraction Oil & Gas in a research report on Monday, December 11th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Williams Capital set a $21.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Extraction Oil & Gas presently has an average rating of “Buy” and a consensus price target of $19.54.

In related news, insider Matthew R. Owens sold 400,000 shares of the firm’s stock in a transaction that occurred 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 owns 1,081,051 shares of the company’s stock, valued at approximately $16,010,365.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.

Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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