Penn Capital Management Co. Inc. lessened its position in Whiting Petroleum Corp (NYSE:WLL) by 34.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,025 shares of the oil and gas exploration company’s stock after selling 81,529 shares during the period. Penn Capital Management Co. Inc. owned about 0.17% of Whiting Petroleum worth $4,410,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Whiting Petroleum during the 4th quarter worth about $23,869,000. Deutsche Bank AG lifted its position in Whiting Petroleum by 71.3% during the 4th quarter. Deutsche Bank AG now owns 2,524,537 shares of the oil and gas exploration company’s stock worth $57,280,000 after buying an additional 1,051,214 shares in the last quarter. Perella Weinberg Partners Capital Management LP lifted its position in Whiting Petroleum by 221.5% during the 4th quarter. Perella Weinberg Partners Capital Management LP now owns 647,243 shares of the oil and gas exploration company’s stock worth $16,247,000 after buying an additional 445,908 shares in the last quarter. Vanguard Group Inc lifted its position in Whiting Petroleum by 4.1% during the 3rd quarter. Vanguard Group Inc now owns 9,462,009 shares of the oil and gas exploration company’s stock worth $501,865,000 after buying an additional 373,404 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in Whiting Petroleum during the 1st quarter worth about $8,724,000. Institutional investors own 97.49% of the company’s stock.
Shares of NYSE:WLL opened at $24.73 on Thursday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 11.34 and a beta of 2.94. Whiting Petroleum Corp has a 1-year low of $18.37 and a 1-year high of $56.47. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.58.
Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.36). The firm had revenue of $389.50 million for the quarter, compared to the consensus estimate of $421.43 million. Whiting Petroleum had a return on equity of 2.98% and a net margin of 13.22%. The business’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, sell-side analysts expect that Whiting Petroleum Corp will post 1.77 EPS for the current year.
Several research analysts recently issued reports on WLL shares. Raymond James set a $52.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $43.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Tuesday, January 29th. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Ifs Securities reiterated an “outperform” rating on shares of Whiting Petroleum in a research report on Sunday, February 3rd. Finally, Robert W. Baird set a $30.00 price target on shares of Whiting Petroleum and gave the stock a “buy” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Whiting Petroleum currently has a consensus rating of “Buy” and an average price target of $46.86.
In other news, Director Philip Edward Doty sold 2,500 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.62, for a total value of $61,550.00. Following the completion of the sale, the director now directly owns 16,822 shares of the company’s stock, valued at approximately $414,157.64. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Hagist sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.19, for a total value of $125,950.00. Following the completion of the sale, the insider now directly owns 43,930 shares of the company’s stock, valued at $1,106,596.70. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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About Whiting Petroleum
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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