Fine Capital Partners L.P. Increases Position in Whiting Petroleum Corp (WLL)

Fine Capital Partners L.P. boosted its stake in shares of Whiting Petroleum Corp (NYSE:WLL) by 23.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,394,454 shares of the oil and gas exploration company’s stock after buying an additional 5,057,592 shares during the quarter. Whiting Petroleum makes up 15.1% of Fine Capital Partners L.P.’s portfolio, making the stock its 2nd largest position. Fine Capital Partners L.P. owned 29.10% of Whiting Petroleum worth $144,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC lifted its holdings in Whiting Petroleum by 44.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after buying an additional 8,737,870 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Whiting Petroleum by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 28,173,403 shares of the oil and gas exploration company’s stock valued at $155,236,000 after purchasing an additional 254,053 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Whiting Petroleum by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,799,001 shares of the oil and gas exploration company’s stock valued at $142,153,000 after purchasing an additional 4,483,396 shares in the last quarter. Schneider Capital Management Corp raised its holdings in shares of Whiting Petroleum by 63.7% in the 2nd quarter. Schneider Capital Management Corp now owns 5,729,569 shares of the oil and gas exploration company’s stock valued at $31,570,000 after purchasing an additional 2,230,237 shares in the last quarter. Finally, Numeric Investors LLC raised its holdings in shares of Whiting Petroleum by 163.0% in the 2nd quarter. Numeric Investors LLC now owns 4,835,600 shares of the oil and gas exploration company’s stock valued at $26,644,000 after purchasing an additional 2,997,300 shares in the last quarter.

Several research firms have recently commented on WLL. Imperial Capital began coverage on shares of Whiting Petroleum in a report on Thursday, September 28th. They issued an “in-line” rating and a $24.00 price target for the company. ValuEngine lowered shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. KeyCorp restated a “buy” rating and issued a $28.00 price target on shares of Whiting Petroleum in a report on Friday, November 24th. Mizuho set a $26.00 price target on shares of Whiting Petroleum and gave the company a “hold” rating in a report on Friday, November 24th. Finally, BMO Capital Markets set a $24.00 price target on shares of Whiting Petroleum and gave the company a “hold” rating in a report on Tuesday, October 10th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.27.

Whiting Petroleum Corp (NYSE WLL) traded up $0.70 during midday trading on Thursday, hitting $24.22. 2,327,875 shares of the company traded hands, compared to its average volume of 4,769,522. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59. Whiting Petroleum Corp has a 1 year low of $15.88 and a 1 year high of $53.48.

Whiting Petroleum (NYSE:WLL) last released its earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.24. The company had revenue of $324.20 million for the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. Whiting Petroleum’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.88) EPS. research analysts forecast that Whiting Petroleum Corp will post -2.39 earnings per share for the current fiscal year.

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Whiting Petroleum Company Profile

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.

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

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