Luminus Management LLC acquired a new stake in Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 848,100 shares of the oil and gas company’s stock, valued at approximately $3,644,000. Luminus Management LLC owned 0.46% of Advantage Oil & Gas as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Citadel Advisors LLC increased its stake in Advantage Oil & Gas by 242.5% in the 3rd quarter. Citadel Advisors LLC now owns 55,470 shares of the oil and gas company’s stock valued at $349,000 after buying an additional 39,273 shares during the period. Jane Street Group LLC acquired a new position in Advantage Oil & Gas in the 3rd quarter valued at approximately $445,000. Janney Montgomery Scott LLC increased its stake in Advantage Oil & Gas by 80.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 72,940 shares of the oil and gas company’s stock valued at $460,000 after buying an additional 32,500 shares during the period. Two Sigma Investments LP increased its stake in Advantage Oil & Gas by 338.3% in the 4th quarter. Two Sigma Investments LP now owns 75,170 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 58,021 shares during the period. Finally, Magnetar Financial LLC acquired a new position in Advantage Oil & Gas in the 3rd quarter valued at approximately $840,000. Hedge funds and other institutional investors own 64.04% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Advantage Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.44.
Advantage Oil & Gas Ltd (NYSE AAV) opened at $2.80 on Wednesday. Advantage Oil & Gas Ltd has a 12 month low of $2.70 and a 12 month high of $7.35. The company has a market cap of $539.40, a price-to-earnings ratio of 18.13 and a beta of 0.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.38 and a current ratio of 1.38.
Advantage Oil & Gas (NYSE:AAV) (TSE:AAV) last announced its quarterly earnings results on Monday, March 5th. The oil and gas company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Advantage Oil & Gas had a net margin of 39.22% and a return on equity of 2.98%. The company had revenue of $51.80 million for the quarter, compared to analyst estimates of $53.33 million. research analysts forecast that Advantage Oil & Gas Ltd will post 0.18 earnings per share for the current year.
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Advantage Oil & Gas Company Profile
Advantage Oil & Gas Ltd. is an intermediate natural gas and liquids development and production company. The Company is engaged in the business of natural gas exploitation, development, acquisition and production in the Province of Alberta. The Company focuses on the development of Montney resource play at Glacier, Alberta in Western Canada.
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