Boston Partners Boosts Stake in Extraction Oil & Gas Inc (XOG)

Boston Partners grew its stake in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,144,404 shares of the energy company’s stock after acquiring an additional 53,789 shares during the period. Boston Partners’ holdings in Extraction Oil & Gas were worth $9,071,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XOG. Nuveen Asset Management LLC purchased a new position in shares of Extraction Oil & Gas during the 4th quarter worth approximately $21,297,000. Dimensional Fund Advisors LP increased its stake in shares of Extraction Oil & Gas by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,895,368 shares of the energy company’s stock worth $25,292,000 after purchasing an additional 888,898 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Extraction Oil & Gas by 274.5% during the 1st quarter. SG Americas Securities LLC now owns 1,129,131 shares of the energy company’s stock worth $4,776,000 after purchasing an additional 827,657 shares in the last quarter. Citigroup Inc. increased its stake in shares of Extraction Oil & Gas by 8,794.3% during the 4th quarter. Citigroup Inc. now owns 648,750 shares of the energy company’s stock worth $2,783,000 after purchasing an additional 641,456 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in shares of Extraction Oil & Gas during the 4th quarter worth approximately $2,540,000.

In other news, Director Donald L. Evans bought 40,000 shares of the stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of $4.25 per share, with a total value of $170,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.20% of the stock is currently owned by insiders.

XOG has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Extraction Oil & Gas from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, March 12th. Zacks Investment Research raised shares of Extraction Oil & Gas from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 27th. Imperial Capital set a $12.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Friday, February 22nd. BidaskClub raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, ValuEngine raised shares of Extraction Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.25.

XOG stock opened at $4.12 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 0.80. Extraction Oil & Gas Inc has a one year low of $3.14 and a one year high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last released its earnings results on Thursday, May 2nd. The energy company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.13). The firm had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $227.52 million. Extraction Oil & Gas had a negative return on equity of 2.57% and a net margin of 7.21%. Equities analysts predict that Extraction Oil & Gas Inc will post 0.19 EPS for the current fiscal year.

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Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. The company also engages in the construction and support of midstream assets to gather, process, and produce crude oil and gas.

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

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