Traders Buy Large Volume of Advantage Oil & Gas Call Options (AAV)

Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) was the target of unusually large options trading activity on Thursday. Traders purchased 1,000 call options on the stock. This is an increase of Infinity compared to the typical daily volume of 0 call options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. raised its position in shares of Advantage Oil & Gas by 12.3% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 7,406,023 shares of the oil and gas company’s stock worth $46,308,000 after purchasing an additional 812,405 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Advantage Oil & Gas by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,762,620 shares of the oil and gas company’s stock worth $25,398,000 after purchasing an additional 167,050 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Advantage Oil & Gas by 3.2% during the 2nd quarter. TD Asset Management Inc. now owns 3,581,790 shares of the oil and gas company’s stock worth $24,187,000 after purchasing an additional 109,598 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of Advantage Oil & Gas by 6.5% during the 2nd quarter. CIBC World Markets Inc. now owns 1,886,638 shares of the oil and gas company’s stock worth $12,735,000 after purchasing an additional 115,593 shares during the last quarter. Finally, Fiera Capital Corp raised its position in shares of Advantage Oil & Gas by 692.3% during the 2nd quarter. Fiera Capital Corp now owns 1,786,590 shares of the oil and gas company’s stock worth $12,061,000 after purchasing an additional 1,561,090 shares during the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

Advantage Oil & Gas (NYSE AAV) opened at $5.70 on Friday. Advantage Oil & Gas has a 1 year low of $5.05 and a 1 year high of $7.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1,059.63, a PE ratio of 35.63 and a beta of 0.93.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Advantage Oil & Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Scotiabank reissued a “buy” rating and set a $11.50 target price on shares of Advantage Oil & Gas in a research note on Tuesday, October 10th. BMO Capital Markets lowered shares of Advantage Oil & Gas from an “outperform” rating to a “market perform” rating and set a $8.00 target price on the stock. in a research note on Tuesday, October 10th. TheStreet lowered shares of Advantage Oil & Gas from a “b-” rating to a “c+” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $11.00 target price on shares of Advantage Oil & Gas in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.75.

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Advantage Oil & Gas Company Profile

Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.

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