Voloridge Investment Management LLC Purchases New Stake in Whiting Petroleum Corp (NYSE:WLL)

Voloridge Investment Management LLC purchased a new stake in Whiting Petroleum Corp (NYSE:WLL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 418,513 shares of the oil and gas exploration company’s stock, valued at approximately $7,818,000. Voloridge Investment Management LLC owned 0.46% of Whiting Petroleum as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Whiting Petroleum by 183.1% during the second quarter. AQR Capital Management LLC now owns 2,468,822 shares of the oil and gas exploration company’s stock valued at $45,229,000 after purchasing an additional 1,596,609 shares during the period. GMT Capital Corp raised its stake in shares of Whiting Petroleum by 2.3% during the first quarter. GMT Capital Corp now owns 1,903,395 shares of the oil and gas exploration company’s stock valued at $49,755,000 after purchasing an additional 41,900 shares during the period. Earnest Partners LLC raised its stake in shares of Whiting Petroleum by 0.4% during the second quarter. Earnest Partners LLC now owns 1,222,207 shares of the oil and gas exploration company’s stock valued at $22,831,000 after purchasing an additional 4,266 shares during the period. Principal Financial Group Inc. raised its stake in shares of Whiting Petroleum by 190.1% during the first quarter. Principal Financial Group Inc. now owns 1,134,062 shares of the oil and gas exploration company’s stock valued at $29,644,000 after purchasing an additional 743,087 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Whiting Petroleum by 13,495.9% during the second quarter. Victory Capital Management Inc. now owns 1,073,529 shares of the oil and gas exploration company’s stock valued at $20,054,000 after purchasing an additional 1,065,633 shares during the period. Institutional investors own 99.75% of the company’s stock.

A number of analysts have recently issued reports on the stock. Raymond James dropped their price objective on shares of Whiting Petroleum from $35.00 to $25.00 and set a “strong-buy” rating on the stock in a research note on Monday, August 5th. ValuEngine upgraded shares of Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Citigroup lowered shares of Whiting Petroleum from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $14.00 to $10.50 in a research note on Monday. Stephens lowered shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $24.00 to $14.00 in a research note on Monday, August 19th. Finally, Imperial Capital dropped their price objective on shares of Whiting Petroleum from $19.00 to $16.00 and set an “in-line” rating on the stock in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Whiting Petroleum currently has a consensus rating of “Hold” and an average price target of $22.76.



Shares of WLL stock traded up $0.14 during mid-day trading on Wednesday, reaching $8.94. 401,461 shares of the company were exchanged, compared to its average volume of 13,039,075. Whiting Petroleum Corp has a fifty-two week low of $6.00 and a fifty-two week high of $55.17. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $879.21 million, a P/E ratio of 4.10 and a beta of 3.18. The business’s 50 day simple moving average is $8.26 and its 200 day simple moving average is $18.27.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.52). The company had revenue of $426.26 million for the quarter, compared to analyst estimates of $452.02 million. Whiting Petroleum had a return on equity of 0.96% and a net margin of 13.51%. The firm’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. On average, analysts forecast that Whiting Petroleum Corp will post -0.22 EPS for the current year.

About Whiting Petroleum

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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