Whiting Petroleum Corp (NYSE:WLL) Holdings Cut by Fmr LLC

FMR LLC reduced its stake in shares of Whiting Petroleum Corp (NYSE:WLL) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,076,588 shares of the oil and gas exploration company’s stock after selling 136,831 shares during the period. FMR LLC owned 14.33% of Whiting Petroleum worth $341,822,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WLL. Whittier Trust Co. raised its holdings in Whiting Petroleum by 89.9% in the 1st quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after acquiring an additional 517 shares during the last quarter. Ffcm LLC raised its holdings in Whiting Petroleum by 72.2% in the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 570 shares during the last quarter. Advisor Group Inc. raised its holdings in Whiting Petroleum by 13.7% in the 4th quarter. Advisor Group Inc. now owns 5,526 shares of the oil and gas exploration company’s stock valued at $126,000 after acquiring an additional 665 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Whiting Petroleum by 78.8% in the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after acquiring an additional 979 shares during the last quarter. Finally, United Services Automobile Association raised its holdings in Whiting Petroleum by 6.6% in the 4th quarter. United Services Automobile Association now owns 16,486 shares of the oil and gas exploration company’s stock valued at $374,000 after acquiring an additional 1,022 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Several research analysts have weighed in on the company. Morgan Stanley upgraded Ascential to an “overweight” rating and set a GBX 400 ($5.23) price target for the company in a report on Friday. Bank of America set a $54.00 price objective on shares of Fortis and gave the company a “buy” rating in a research note on Thursday, May 2nd. SunTrust Banks reissued a “buy” rating and set a $35.00 price objective on shares of Whiting Petroleum in a research note on Monday, June 24th. Ifs Securities raised shares of SRC Energy from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, April 23rd. Finally, Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $43.64.

WLL stock traded down $0.09 during trading on Friday, reaching $17.38. The stock had a trading volume of 3,901,922 shares, compared to its average volume of 5,782,628. Whiting Petroleum Corp has a 1-year low of $15.40 and a 1-year high of $55.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $1.59 billion, a P/E ratio of 7.97 and a beta of 2.91. The company has a fifty day moving average of $17.76.

Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The firm had revenue of $389.50 million during the quarter, compared to analyst estimates of $421.43 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s quarterly revenue was down 24.4% compared to the same quarter last year. On average, research analysts expect that Whiting Petroleum Corp will post 1.25 EPS for the current fiscal year.

Whiting Petroleum Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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

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