Blue Ridge Capital L.L.C. increased its stake in shares of Whiting Petroleum Corporation (NYSE:WLL) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,699,500 shares of the oil and gas exploration company’s stock after buying an additional 25,600 shares during the period. Whiting Petroleum Corporation makes up approximately 1.4% of Blue Ridge Capital L.L.C.’s investment portfolio, making the stock its 27th largest position. Blue Ridge Capital L.L.C. owned about 3.23% of Whiting Petroleum Corporation worth $110,677,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in Whiting Petroleum Corporation during the first quarter valued at approximately $299,000. Paloma Partners Management Co increased its stake in Whiting Petroleum Corporation by 1.1% in the first quarter. Paloma Partners Management Co now owns 107,174 shares of the oil and gas exploration company’s stock valued at $1,014,000 after buying an additional 1,193 shares in the last quarter. AQR Capital Management LLC bought a new stake in Whiting Petroleum Corporation during the first quarter valued at approximately $1,833,000. Investment Centers of America Inc. increased its stake in Whiting Petroleum Corporation by 2.3% in the first quarter. Investment Centers of America Inc. now owns 41,362 shares of the oil and gas exploration company’s stock valued at $392,000 after buying an additional 946 shares in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Whiting Petroleum Corporation by 22.8% in the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 2,566 shares in the last quarter. 82.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Whiting Petroleum Corporation (WLL) traded down 2.73% on Tuesday, hitting $5.70. The company’s stock had a trading volume of 28,255,265 shares. The company’s market cap is $2.07 billion. The stock’s 50 day moving average is $7.56 and its 200-day moving average is $9.87. Whiting Petroleum Corporation has a 52 week low of $5.30 and a 52 week high of $13.39.
Whiting Petroleum Corporation (NYSE:WLL) last issued its earnings results on Wednesday, April 26th. The oil and gas exploration company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.07. The company had revenue of $371.30 million during the quarter, compared to analyst estimates of $359.28 million. Whiting Petroleum Corporation had a negative net margin of 106.04% and a negative return on equity of 8.76%. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.85) EPS. On average, equities research analysts anticipate that Whiting Petroleum Corporation will post ($0.51) earnings per share for the current year.
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Several research firms have issued reports on WLL. BidaskClub upgraded Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $12.00 target price on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Friday, June 2nd. Credit Suisse Group cut Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Thursday, June 1st. Goldman Sachs Group, Inc. (The) cut Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $11.50 to $7.25 in a research report on Tuesday, May 30th. Finally, BMO Capital Markets set a $10.00 target price on Whiting Petroleum Corporation and gave the stock a “hold” rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Whiting Petroleum Corporation has an average rating of “Hold” and a consensus target price of $12.38.
Whiting Petroleum Corporation Company 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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