Pacer Advisors Inc. Purchases 10,988 Shares of Whiting Petroleum Corporation (WLL)

Pacer Advisors Inc. boosted its position in Whiting Petroleum Corporation (NYSE:WLL) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,949 shares of the oil and gas exploration company’s stock after purchasing an additional 10,988 shares during the quarter. Pacer Advisors Inc.’s holdings in Whiting Petroleum Corporation were worth $297,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Whiting Petroleum Corporation by 28.6% in the 1st quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock valued at $264,116,000 after purchasing an additional 6,211,479 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Whiting Petroleum Corporation by 95.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock valued at $201,642,000 after purchasing an additional 10,428,144 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Whiting Petroleum Corporation by 10.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 18,077,394 shares of the oil and gas exploration company’s stock valued at $171,012,000 after purchasing an additional 1,676,942 shares during the last quarter. Caymus Capital Partners L.P. lifted its position in Whiting Petroleum Corporation by 55.9% in the 2nd quarter. Caymus Capital Partners L.P. now owns 3,724,500 shares of the oil and gas exploration company’s stock valued at $20,522,000 after purchasing an additional 1,335,900 shares during the last quarter. Finally, Snow Capital Management LP lifted its position in Whiting Petroleum Corporation by 25.4% in the 1st quarter. Snow Capital Management LP now owns 3,556,529 shares of the oil and gas exploration company’s stock valued at $33,645,000 after purchasing an additional 720,777 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

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Whiting Petroleum Corporation (NYSE:WLL) opened at 4.44 on Wednesday. The stock’s market capitalization is $1.61 billion. The stock has a 50 day moving average of $4.67 and a 200 day moving average of $6.99. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.01. The company had revenue of $311.50 million during the quarter, compared to analysts’ expectations of $345.64 million. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. Whiting Petroleum Corporation’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.70) EPS. On average, equities research analysts forecast that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

Several analysts recently weighed in on the stock. Morgan Stanley downgraded shares of Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $5.00 to $3.50 in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Seaport Global Securities downgraded shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their price objective for the company from $10.00 to $4.00 in a research report on Wednesday, June 21st. Credit Suisse Group downgraded shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research report on Thursday, June 1st. Finally, BidaskClub downgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Eight investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Whiting Petroleum Corporation has a consensus rating of “Hold” and an average price target of $10.99.

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.

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

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