Palisade Capital Management LLC NJ trimmed its holdings in shares of Oasis Petroleum Inc. (NYSE:OAS) by 27.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,000 shares of the energy producer’s stock after selling 8,000 shares during the period. Palisade Capital Management LLC NJ’s holdings in Oasis Petroleum were worth $192,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of OAS. Bank of New York Mellon Corp increased its holdings in shares of Oasis Petroleum by 90.4% during the second quarter. Bank of New York Mellon Corp now owns 5,755,177 shares of the energy producer’s stock valued at $46,330,000 after purchasing an additional 2,732,234 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Oasis Petroleum during the second quarter valued at $17,572,000. Caymus Capital Partners L.P. increased its holdings in shares of Oasis Petroleum by 50.2% during the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock valued at $50,229,000 after purchasing an additional 2,086,400 shares during the period. State Street Corp increased its holdings in shares of Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock valued at $79,657,000 after purchasing an additional 1,931,992 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Oasis Petroleum by 70.3% during the third quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock valued at $29,624,000 after purchasing an additional 1,340,371 shares during the period. 94.21% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the company. ValuEngine lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Mizuho reissued a “hold” rating and set a $10.00 price target on shares of Oasis Petroleum in a report on Friday, September 29th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Sunday, August 13th. Royal Bank Of Canada set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub cut Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. Oasis Petroleum currently has an average rating of “Hold” and a consensus target price of $13.26.
Shares of Oasis Petroleum Inc. (OAS) opened at $10.25 on Monday. Oasis Petroleum Inc. has a 1 year low of $6.69 and a 1 year high of $17.08. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.79.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the completion of the sale, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.
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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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