Teachers Retirement System of The State of Kentucky lowered its stake in shares of Whiting Petroleum Corp (NYSE:WLL) by 75.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,912 shares of the oil and gas exploration company’s stock after selling 77,736 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Whiting Petroleum were worth $686,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of WLL. State of Alaska Department of Revenue purchased a new stake in Whiting Petroleum during the fourth quarter valued at about $138,000. Aveo Capital Partners LLC purchased a new stake in Whiting Petroleum during the fourth quarter valued at about $306,000. Phoenix Investment Adviser LLC purchased a new stake in Whiting Petroleum during the fourth quarter valued at about $457,000. Alambic Investment Management L.P. purchased a new stake in Whiting Petroleum during the fourth quarter valued at about $466,000. Finally, Quantitative Investment Management LLC purchased a new stake in Whiting Petroleum during the fourth quarter valued at about $473,000. Institutional investors own 97.55% of the company’s stock.
Several equities research analysts have commented on WLL shares. Capital One Financial raised shares of Whiting Petroleum from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 16th. Cowen set a $35.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. ValuEngine downgraded shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. R. F. Lafferty reissued a “hold” rating and issued a $28.00 price target on shares of Whiting Petroleum in a report on Tuesday, December 12th. Finally, Credit Suisse Group started coverage on shares of Whiting Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $29.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.74.
Whiting Petroleum (NYSE:WLL) last announced its earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.13. The business had revenue of $474.40 million for the quarter, compared to the consensus estimate of $424.55 million. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. Whiting Petroleum’s quarterly revenue was up 38.4% on a year-over-year basis. During the same period last year, the firm posted ($0.28) earnings per share. equities analysts anticipate that Whiting Petroleum Corp will post 0.47 EPS for the current fiscal year.
In related news, VP David M. Seery sold 1,059 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total value of $29,408.43. Following the sale, the vice president now directly owns 37,122 shares of the company’s stock, valued at $1,030,877.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.
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Whiting Petroleum 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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