Schwab Charles Investment Management Inc. Has $5.60 Million Position in Extraction Oil & Gas Inc (XOG)

Schwab Charles Investment Management Inc. increased its position in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 138.8% during the third quarter, HoldingsChannel.com reports. The fund owned 363,798 shares of the energy company’s stock after acquiring an additional 211,423 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Extraction Oil & Gas were worth $5,599,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlueCrest Capital Management Ltd bought a new stake in Extraction Oil & Gas during the 2nd quarter worth approximately $144,000. Vanguard Group Inc. increased its holdings in Extraction Oil & Gas by 87.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock worth $104,744,000 after acquiring an additional 3,641,505 shares during the period. UBS Asset Management Americas Inc. bought a new stake in Extraction Oil & Gas during the 2nd quarter worth approximately $5,915,000. Ameriprise Financial Inc. increased its holdings in Extraction Oil & Gas by 2,942.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 539,525 shares of the energy company’s stock worth $7,257,000 after acquiring an additional 521,790 shares during the period. Finally, Citadel Advisors LLC grew its stake in Extraction Oil & Gas by 16,446.9% in the 3rd quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock worth $47,267,000 after buying an additional 3,052,713 shares in the last quarter. 89.17% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Matthew R. Owens sold 400,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total value of $5,924,000.00. Following the completion of the sale, the insider now owns 1,081,051 shares of the company’s stock, valued at approximately $16,010,365.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on XOG shares. Imperial Capital started coverage on shares of Extraction Oil & Gas in a research note on Wednesday, November 15th. They issued an “outperform” rating and a $20.00 price target for the company. SunTrust Banks set a $21.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. Credit Suisse Group started coverage on shares of Extraction Oil & Gas in a research note on Monday, December 11th. They issued an “outperform” rating and a $19.00 price target for the company. Finally, Barclays set a $20.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $19.50.

Extraction Oil & Gas Inc (NASDAQ XOG) opened at $14.28 on Tuesday. Extraction Oil & Gas Inc has a 12 month low of $11.31 and a 12 month high of $20.00. The company has a market cap of $2,532.53, a P/E ratio of -8.45 and a beta of 0.93. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 0.57.

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Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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