Luminus Management LLC boosted its holdings in Extraction Oil & Gas Inc (NASDAQ:XOG) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,321,329 shares of the energy company’s stock after purchasing an additional 885,876 shares during the quarter. Extraction Oil & Gas comprises approximately 2.2% of Luminus Management LLC’s portfolio, making the stock its 13th biggest position. Luminus Management LLC owned approximately 4.26% of Extraction Oil & Gas worth $104,768,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Simplex Trading LLC lifted its stake in Extraction Oil & Gas by 322.5% in the fourth quarter. Simplex Trading LLC now owns 7,131 shares of the energy company’s stock valued at $102,000 after buying an additional 5,443 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Extraction Oil & Gas in the fourth quarter valued at approximately $100,000. Ellington Management Group LLC purchased a new stake in Extraction Oil & Gas in the fourth quarter valued at approximately $157,000. State Board of Administration of Florida Retirement System lifted its stake in Extraction Oil & Gas by 8.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 147,181 shares of the energy company’s stock valued at $2,265,000 after buying an additional 11,960 shares during the last quarter. Finally, Comerica Bank purchased a new stake in Extraction Oil & Gas in the third quarter valued at approximately $194,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Extraction Oil & Gas Inc (NASDAQ:XOG) opened at $13.15 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.41 and a quick ratio of 0.38. The firm has a market capitalization of $2,271.80, a price-to-earnings ratio of 438.33 and a beta of 1.34. Extraction Oil & Gas Inc has a twelve month low of $11.31 and a twelve month high of $19.03.
In other Extraction Oil & Gas news, insider Matthew R. Owens sold 400,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $14.81, for a total value of $5,924,000.00. Following the sale, the insider now owns 1,081,051 shares of the company’s stock, valued at $16,010,365.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.
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About Extraction Oil & Gas
Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.
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