Neuberger Berman Group LLC Lowers Holdings in Extraction Oil & Gas Inc (XOG)

Neuberger Berman Group LLC decreased its holdings in shares of Extraction Oil & Gas Inc (NYSE:XOG) by 60.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 482,774 shares of the energy company’s stock after selling 739,118 shares during the period. Neuberger Berman Group LLC’s holdings in Extraction Oil & Gas were worth $6,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new position in Extraction Oil & Gas during the second quarter worth $148,000. Legal & General Group Plc raised its holdings in Extraction Oil & Gas by 14.4% during the second quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after buying an additional 1,453 shares during the last quarter. US Bancorp DE acquired a new position in Extraction Oil & Gas during the second quarter worth $215,000. Utah Retirement Systems acquired a new position in Extraction Oil & Gas during the second quarter worth $296,000. Finally, Trexquant Investment LP acquired a new position in Extraction Oil & Gas during the second quarter worth $299,000.

Shares of Extraction Oil & Gas Inc (NYSE:XOG) opened at 13.26 on Tuesday. Extraction Oil & Gas Inc has a one year low of $11.31 and a one year high of $25.08. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $14.88.

Extraction Oil & Gas (NYSE:XOG) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The firm had revenue of $119.80 million during the quarter, compared to analyst estimates of $121.15 million. Extraction Oil & Gas had a return on equity of 0.78% and a net margin of 6.05%. The company’s quarterly revenue was up 83.2% on a year-over-year basis. Equities analysts expect that Extraction Oil & Gas Inc will post $0.02 earnings per share for the current fiscal year.

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Several research analysts have weighed in on the stock. Royal Bank Of Canada set a $25.00 price objective on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a report on Saturday, June 24th. BMO Capital Markets upgraded shares of Extraction Oil & Gas from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, August 7th. They noted that the move was a valuation call. Citigroup Inc. lowered their target price on shares of Extraction Oil & Gas from $24.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, July 13th. ValuEngine downgraded shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, SunTrust Banks, Inc. set a $20.00 target price on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Extraction Oil & Gas presently has an average rating of “Buy” and an average price target of $22.00.

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.

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

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