Principal Financial Group Inc. boosted its stake in Whiting Petroleum Corporation (NYSE:WLL) by 54.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,204 shares of the oil and gas exploration company’s stock after purchasing an additional 19,486 shares during the period. Principal Financial Group Inc.’s holdings in Whiting Petroleum Corporation were worth $304,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in WLL. Nationwide Fund Advisors increased its stake in Whiting Petroleum Corporation by 14.7% in the 1st quarter. Nationwide Fund Advisors now owns 44,517 shares of the oil and gas exploration company’s stock worth $421,000 after purchasing an additional 5,717 shares during the period. Envestnet Asset Management Inc. increased its stake in Whiting Petroleum Corporation by 11.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 19,926 shares of the oil and gas exploration company’s stock worth $190,000 after purchasing an additional 2,088 shares during the period. Prudential Financial Inc. increased its stake in Whiting Petroleum Corporation by 155.5% in the 1st quarter. Prudential Financial Inc. now owns 92,839 shares of the oil and gas exploration company’s stock worth $878,000 after purchasing an additional 56,500 shares during the period. Wellington Management Group LLP increased its stake in Whiting Petroleum Corporation by 218.9% in the 1st quarter. Wellington Management Group LLP now owns 899,712 shares of the oil and gas exploration company’s stock worth $8,511,000 after purchasing an additional 617,558 shares during the period. Finally, Teachers Advisors LLC increased its stake in Whiting Petroleum Corporation by 24.4% in the 1st quarter. Teachers Advisors LLC now owns 1,307,775 shares of the oil and gas exploration company’s stock worth $12,372,000 after purchasing an additional 256,674 shares during the period. 83.18% of the stock is currently owned by institutional investors and hedge funds.
WLL has been the topic of a number of analyst reports. Citigroup Inc. decreased their price target on Whiting Petroleum Corporation from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, July 13th. Stifel Nicolaus decreased their price target on Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Thursday, July 27th. Cowen and Company set a $8.00 price target on Whiting Petroleum Corporation and gave the stock a “buy” rating in a research note on Tuesday, July 18th. KeyCorp reissued a “buy” rating and set a $7.00 target price on shares of Whiting Petroleum Corporation in a research note on Tuesday, September 19th. Finally, Zacks Investment Research raised Whiting Petroleum Corporation from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Thursday. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Whiting Petroleum Corporation presently has an average rating of “Hold” and a consensus price target of $9.40.
Whiting Petroleum Corporation (WLL) opened at 5.39 on Monday. The stock’s 50 day moving average price is $4.97 and its 200-day moving average price is $6.24. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39. The company’s market capitalization is $1.96 billion.
Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative return on equity of 6.77% and a negative net margin of 88.27%. The business had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. During the same period last year, the business posted ($0.70) EPS. The business’s revenue was down 7.6% compared to the same quarter last year. Equities analysts forecast that Whiting Petroleum Corporation will post ($0.69) EPS for the current year.
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Whiting Petroleum Corporation Company Profile
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
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