Legal & General Group Plc lowered its stake in shares of Advantage Oil & Gas Ltd (NYSE:AAV) (TSE:AAV) by 33.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,846 shares of the oil and gas company’s stock after selling 15,300 shares during the period. Legal & General Group Plc’s holdings in Advantage Oil & Gas were worth $196,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in shares of Advantage Oil & Gas during the first quarter valued at approximately $2,254,000. K.J. Harrison & Partners Inc bought a new stake in shares of Advantage Oil & Gas during the first quarter valued at approximately $133,000. JPMorgan Chase & Co. increased its stake in shares of Advantage Oil & Gas by 175,947.4% in the first quarter. JPMorgan Chase & Co. now owns 441,879 shares of the oil and gas company’s stock valued at $2,916,000 after buying an additional 441,628 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of Advantage Oil & Gas during the first quarter valued at approximately $691,000. Finally, Sentry Investments Corp. increased its stake in shares of Advantage Oil & Gas by 12.3% in the first quarter. Sentry Investments Corp. now owns 1,321,700 shares of the oil and gas company’s stock valued at $11,605,000 after buying an additional 144,600 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Shares of Advantage Oil & Gas Ltd (NYSE AAV) remained flat at $6.45 during midday trading on Friday. The stock had a trading volume of 62,708 shares. Advantage Oil & Gas Ltd has a 12-month low of $5.70 and a 12-month high of $7.88. The company’s 50-day moving average price is $6.76 and its 200-day moving average price is $6.43. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 25.90 and a beta of 0.97.

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Several equities research analysts have recently commented on AAV shares. BidaskClub raised Advantage Oil & Gas from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet raised Advantage Oil & Gas from a “c” rating to a “b-” rating in a report on Monday, August 7th. Royal Bank Of Canada downgraded Advantage Oil & Gas from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $12.00 to $11.00 in a report on Thursday, July 20th. Finally, Zacks Investment Research downgraded Advantage Oil & Gas from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Advantage Oil & Gas currently has an average rating of “Hold” and a consensus target price of $9.75.

About Advantage Oil & Gas

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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Institutional Ownership by Quarter for Advantage Oil & Gas (NYSE:AAV)

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