California Public Employees Retirement System grew its position in Oasis Petroleum Inc. (NYSE:OAS) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,700 shares of the energy producer’s stock after purchasing an additional 15,200 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Oasis Petroleum worth $4,766,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OAS. Raymond James Trust N.A. acquired a new position in shares of Oasis Petroleum in the 4th quarter valued at about $108,000. Cerebellum GP LLC acquired a new position in shares of Oasis Petroleum in the 4th quarter valued at about $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after purchasing an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Oasis Petroleum in the 3rd quarter valued at about $142,000. Finally, Sei Investments Co. lifted its stake in shares of Oasis Petroleum by 16,797.3% in the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock valued at $174,000 after purchasing an additional 18,981 shares in the last quarter. 89.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Oasis Petroleum Inc. (OAS) opened at $8.25 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.62 and a debt-to-equity ratio of 0.60. Oasis Petroleum Inc. has a twelve month low of $6.69 and a twelve month high of $15.27. The stock has a market capitalization of $2,620.00, a P/E ratio of -43.42 and a beta of 2.20.
Several research firms have recently weighed in on OAS. Royal Bank of Canada reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Oasis Petroleum in a research note on Wednesday, December 13th. SunTrust Banks lowered Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research note on Tuesday, December 12th. Deutsche Bank began coverage on Oasis Petroleum in a research note on Thursday, February 1st. They issued a “hold” rating and a $10.00 price objective on the stock. Macquarie lowered Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Thursday, December 14th. Finally, Stifel Nicolaus set a $9.00 price objective on Oasis Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.50.
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Oasis Petroleum 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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