Luminus Management LLC grew its position in Oasis Petroleum Inc. (NYSE:OAS) by 55.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,584,787 shares of the energy producer’s stock after purchasing an additional 1,284,787 shares during the quarter. Luminus Management LLC owned approximately 1.33% of Oasis Petroleum worth $30,148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. bought a new position in shares of Oasis Petroleum during the fourth quarter worth $108,000. Cerebellum GP LLC bought a new position in shares of Oasis Petroleum during the fourth quarter worth $129,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Oasis Petroleum by 103.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after acquiring an additional 7,720 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Oasis Petroleum during the third quarter worth $142,000. Finally, Sei Investments Co. boosted its position in shares of Oasis Petroleum by 16,797.3% during the third quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after acquiring an additional 18,981 shares during the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Deutsche Bank assumed coverage on shares of Oasis Petroleum in a research report on Thursday, February 1st. They set a “hold” rating and a $10.00 target price for the company. Stifel Nicolaus set a $9.00 target price on shares of Oasis Petroleum and gave the stock a “hold” rating in a research report on Tuesday, January 30th. Morgan Stanley upped their target price on shares of Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Jefferies Group set a $14.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Saturday, February 3rd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $11.50.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Oasis Petroleum had a net margin of 9.92% and a return on equity of 0.16%. The business had revenue of $404.47 million for the quarter, compared to the consensus estimate of $328.78 million. sell-side analysts expect that Oasis Petroleum Inc. will post 0.21 EPS for the current year.
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Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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