LPL Financial LLC lowered its stake in shares of Whiting Petroleum Corp (NYSE:WLL) by 57.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,501 shares of the oil and gas exploration company’s stock after selling 28,699 shares during the quarter. LPL Financial LLC’s holdings in Whiting Petroleum were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Two Sigma Advisers LP acquired a new stake in Whiting Petroleum during the fourth quarter worth approximately $1,888,000. Encompass Capital Advisors LLC acquired a new stake in Whiting Petroleum during the fourth quarter worth approximately $31,776,000. Quantitative Investment Management LLC acquired a new stake in Whiting Petroleum during the fourth quarter worth approximately $473,000. SIR Capital Management L.P. acquired a new stake in Whiting Petroleum during the fourth quarter worth approximately $8,801,000. Finally, Mackenzie Financial Corp acquired a new stake in Whiting Petroleum during the fourth quarter worth approximately $14,895,000. 97.55% of the stock is currently owned by institutional investors.
In related news, VP David M. Seery sold 1,059 shares of Whiting Petroleum stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the transaction, the vice president now directly owns 37,122 shares in the company, valued at approximately $1,030,877.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.
NYSE:WLL opened at $38.21 on Tuesday. Whiting Petroleum Corp has a 1-year low of $15.88 and a 1-year high of $38.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $3,512.52, a P/E ratio of -29.17, a PEG ratio of 4.05 and a beta of 2.90.
Whiting Petroleum (NYSE:WLL) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.13. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. The firm had revenue of $474.40 million for the quarter, compared to analyst estimates of $424.55 million. During the same period last year, the firm posted ($0.28) EPS. Whiting Petroleum’s quarterly revenue was up 38.4% on a year-over-year basis. analysts forecast that Whiting Petroleum Corp will post 0.65 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Whiting Petroleum from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. KeyCorp set a $35.00 price objective on shares of Whiting Petroleum and gave the stock a “buy” rating in a report on Sunday, January 21st. Tudor Pickering raised shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a report on Monday, February 12th. Goldman Sachs raised shares of Whiting Petroleum from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. Finally, Ladenburg Thalmann reissued a “buy” rating and set a $45.00 price objective on shares of Whiting Petroleum in a report on Thursday, April 12th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.96.
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Whiting Petroleum 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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