Stock Traders Buy High Volume of Call Options on Whiting USA Trust II (WHZ)
Whiting USA Trust II (NYSE:WHZ) was the target of unusually large options trading on Wednesday. Stock traders acquired 312 call options on the company, Analyst RN reports. This represents an increase of 512% compared to the typical volume of 51 call options.
Several analysts have recently commented on the stock. Analysts at Raymond James downgraded shares of Whiting USA Trust II to an “underperform” rating in a research note on Tuesday. Separately, analysts at Stifel Nicolaus downgraded shares of Whiting USA Trust II from a “hold” rating to a “sell” rating in a research note on Monday.
Shares of Whiting USA Trust II (NYSE:WHZ) traded down 0.23% on Wednesday, hitting $13.27. The stock had a trading volume of 453,189 shares. Whiting USA Trust II has a 1-year low of $11.13 and a 1-year high of $14.48. The stock’s 50-day moving average is $12. and its 200-day moving average is $13.00. The company has a market cap of $244.2 million and a P/E ratio of 4.51.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.8287 per share. This represents a $3.31 annualized dividend and a dividend yield of 24.92%. The ex-dividend date is Friday, August 15th. This is an increase from Whiting USA Trust II’s previous quarterly dividend of $0.67.
Whiting USA Trust II (NYSE:WHZ) is a statutory trust.
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