Investment Counselors of Maryland LLC Purchases 7,642 Shares of Whiting Petroleum Corp (NYSE:WLL)

Investment Counselors of Maryland LLC raised its position in Whiting Petroleum Corp (NYSE:WLL) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 678,640 shares of the oil and gas exploration company’s stock after buying an additional 7,642 shares during the quarter. Investment Counselors of Maryland LLC owned about 0.74% of Whiting Petroleum worth $12,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. grew its position in shares of Whiting Petroleum by 89.9% in the first quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 517 shares in the last quarter. Investors Research Corp grew its position in shares of Whiting Petroleum by 113.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 850 shares in the last quarter. Personal Wealth Partners purchased a new position in shares of Whiting Petroleum in the second quarter valued at $44,000. Meeder Asset Management Inc. grew its position in shares of Whiting Petroleum by 78.8% in the first quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock valued at $58,000 after purchasing an additional 979 shares in the last quarter. Finally, LS Investment Advisors LLC purchased a new position in shares of Whiting Petroleum in the first quarter valued at $70,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.

WLL traded down $0.23 during midday trading on Thursday, reaching $8.48. 83,373 shares of the company’s stock traded hands, compared to its average volume of 8,567,230. The firm has a fifty day moving average of $13.53 and a two-hundred day moving average of $21.53. The stock has a market capitalization of $778.78 million, a price-to-earnings ratio of 4.01 and a beta of 2.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.31. Whiting Petroleum Corp has a 52 week low of $8.00 and a 52 week high of $55.17.



Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.52). The business had revenue of $426.26 million for the quarter, compared to the consensus estimate of $452.02 million. Whiting Petroleum had a net margin of 13.51% and a return on equity of 0.96%. The company’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Sell-side analysts forecast that Whiting Petroleum Corp will post 0.07 EPS for the current year.

Several equities analysts recently commented on WLL shares. Oppenheimer cut Whiting Petroleum from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 1st. SunTrust Banks restated a “buy” rating and set a $35.00 target price on shares of Whiting Petroleum in a research report on Monday, June 24th. Bank of America reduced their target price on Whiting Petroleum from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. CIBC restated a “market perform” rating on shares of Whiting Petroleum in a research report on Thursday, August 1st. Finally, Morgan Stanley reduced their target price on Whiting Petroleum from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.42.

Whiting Petroleum Profile

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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Institutional Ownership by Quarter for Whiting Petroleum (NYSE:WLL)

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