Oasis Petroleum Inc. (OAS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of Oasis Petroleum Inc. (NYSE:OAS) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,775 shares of the energy producer’s stock after selling 9,240 shares during the period. Russell Investments Group Ltd.’s holdings in Oasis Petroleum were worth $465,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its position in shares of Oasis Petroleum by 14.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after purchasing an additional 1,526 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Oasis Petroleum by 13.8% during the 1st quarter. Stephens Inc. AR now owns 16,050 shares of the energy producer’s stock valued at $229,000 after purchasing an additional 1,950 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Oasis Petroleum by 2.9% during the 1st quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock valued at $251,000 after purchasing an additional 497 shares in the last quarter. TCW Group Inc. boosted its position in shares of Oasis Petroleum by 30.9% during the 1st quarter. TCW Group Inc. now owns 18,628 shares of the energy producer’s stock valued at $266,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Bellwether Investment Group LLC boosted its position in shares of Oasis Petroleum by 39.3% during the 1st quarter. Bellwether Investment Group LLC now owns 19,103 shares of the energy producer’s stock valued at $272,000 after purchasing an additional 5,393 shares in the last quarter. Institutional investors own 93.57% of the company’s stock.

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Several brokerages recently commented on OAS. UBS AG upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and cut their target price for the company from $14.00 to $13.00 in a research report on Thursday, June 8th. BidaskClub lowered Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. Cowen and Company set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, July 10th. Citigroup Inc. cut their target price on Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Finally, Seaport Global Securities lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $7.00 in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $14.48.

In related news, insider Taylor L. Reid sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at approximately $9,194,185.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Shares of Oasis Petroleum Inc. (NYSE:OAS) traded down 1.403% during mid-day trading on Thursday, hitting $8.785. The company had a trading volume of 3,384,441 shares. Oasis Petroleum Inc. has a 52 week low of $6.69 and a 52 week high of $17.08. The firm has a 50-day moving average price of $7.58 and a 200-day moving average price of $9.96. The firm’s market capitalization is $2.09 billion.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $255.41 million. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS. Equities analysts forecast that Oasis Petroleum Inc. will post ($0.14) earnings per share for the current year.

Oasis Petroleum Profile

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.

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Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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