Geode Capital Management LLC Has $19.89 Million Holdings in Whiting Petroleum Corp (NYSE:WLL)

Geode Capital Management LLC boosted its stake in Whiting Petroleum Corp (NYSE:WLL) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 876,531 shares of the oil and gas exploration company’s stock after buying an additional 25,116 shares during the period. Geode Capital Management LLC’s holdings in Whiting Petroleum were worth $19,887,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WLL. Norges Bank purchased a new position in Whiting Petroleum in the 4th quarter worth approximately $23,869,000. Vanguard Group Inc increased its stake in shares of Whiting Petroleum by 4.1% during the third quarter. Vanguard Group Inc now owns 9,462,009 shares of the oil and gas exploration company’s stock valued at $501,865,000 after buying an additional 373,404 shares during the period. APG Asset Management N.V. purchased a new position in shares of Whiting Petroleum during the fourth quarter valued at approximately $6,425,000. Brandywine Global Investment Management LLC increased its stake in shares of Whiting Petroleum by 503,967.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 312,522 shares of the oil and gas exploration company’s stock valued at $7,092,000 after buying an additional 312,460 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in shares of Whiting Petroleum during the fourth quarter valued at approximately $6,839,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Whiting Petroleum stock opened at $17.42 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.58 and a current ratio of 0.58. Whiting Petroleum Corp has a 12 month low of $17.27 and a 12 month high of $56.47. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 7.99 and a beta of 3.06.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). The company had revenue of $389.50 million during the quarter, compared to the consensus estimate of $421.43 million. Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The company’s revenue was down 24.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, research analysts predict that Whiting Petroleum Corp will post 1.52 EPS for the current year.

Several research firms have recently issued reports on WLL. MKM Partners began coverage on Whiting Petroleum in a research note on Thursday, June 6th. They set a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research cut Whiting Petroleum from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Saturday, May 11th. Morgan Stanley set a $28.00 target price on Whiting Petroleum and gave the company a “hold” rating in a research note on Wednesday, May 8th. Imperial Capital reissued an “in-line” rating and set a $29.00 target price (down from $33.00) on shares of Whiting Petroleum in a research note on Friday, May 3rd. Finally, Bank of America set a $37.00 target price on Whiting Petroleum and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.86.

In related news, insider Peter Hagist sold 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the sale, the insider now owns 43,930 shares in the company, valued at $1,106,596.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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Institutional Ownership by Quarter for Whiting Petroleum (NYSE:WLL)

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