Monarch Capital Management Inc. continued to hold its stake in shares of Whiting Petroleum Corp (NYSE:WLL) during the first quarter, Holdings Channel reports. The firm owned 14,250 shares of the oil and gas exploration company’s stock at the end of the first quarter. Monarch Capital Management Inc.’s holdings in Whiting Petroleum Corp were worth $135,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Whiting Petroleum Corp by 65.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,887,461 shares of the oil and gas exploration company’s stock worth $130,872,000 after buying an additional 4,298,479 shares during the last quarter. Norges Bank acquired a new stake in Whiting Petroleum Corp during the fourth quarter worth $38,888,000. Hotchkis & Wiley Capital Management LLC boosted its stake in Whiting Petroleum Corp by 18.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 16,400,452 shares of the oil and gas exploration company’s stock worth $197,133,000 after buying an additional 2,573,518 shares during the last quarter. DFT Energy LP acquired a new stake in Whiting Petroleum Corp during the fourth quarter worth $19,232,000. Finally, City Financial Investment Co Ltd acquired a new stake in Whiting Petroleum Corp during the fourth quarter worth $15,747,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Whiting Petroleum Corp (NYSE:WLL) traded down 0.12% on Friday, hitting $8.07. The stock had a trading volume of 12,214,260 shares. The company’s 50 day moving average is $9.18 and its 200 day moving average is $10.26. The stock’s market cap is $2.93 billion. Whiting Petroleum Corp has a one year low of $6.38 and a one year high of $14.44.
Whiting Petroleum Corp (NYSE:WLL) last announced its quarterly earnings results on Tuesday, February 21st. The oil and gas exploration company reported ($0.28) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.04. The company had revenue of $342.70 million for the quarter, compared to analyst estimates of $353.75 million. Whiting Petroleum Corp had a negative net margin of 106.77% and a negative return on equity of 11.83%. Whiting Petroleum Corp’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) EPS. Equities research analysts predict that Whiting Petroleum Corp will post ($0.66) EPS for the current fiscal year.
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A number of analysts have recently weighed in on WLL shares. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price objective on shares of Whiting Petroleum Corp in a research report on Wednesday, January 11th. Credit Suisse Group AG raised their price objective on Whiting Petroleum Corp from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 31st. KLR Group reissued a “buy” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Whiting Petroleum Corp in a research report on Friday, February 24th. Barclays PLC reissued a “hold” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corp in a research report on Thursday. Finally, Vetr raised Whiting Petroleum Corp from a “buy” rating to a “strong-buy” rating and set a $15.79 price objective for the company in a research report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Whiting Petroleum Corp currently has an average rating of “Hold” and a consensus target price of $13.53.
Whiting Petroleum Corp 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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