Advisor Group Inc. Raises Holdings in Whiting Petroleum Corp (WLL)
Advisor Group Inc. grew its holdings in shares of Whiting Petroleum Corp (NYSE:WLL) by 167.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,135 shares of the oil and gas exploration company’s stock after purchasing an additional 17,604 shares during the quarter. Advisor Group Inc.’s holdings in Whiting Petroleum were worth $154,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. ProShare Advisors LLC boosted its position in Whiting Petroleum by 1.4% during the second quarter. ProShare Advisors LLC now owns 28,373 shares of the oil and gas exploration company’s stock worth $156,000 after purchasing an additional 388 shares during the period. First Allied Advisory Services Inc. boosted its position in Whiting Petroleum by 2.0% during the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock worth $138,000 after purchasing an additional 475 shares during the period. MML Investors Services LLC boosted its position in Whiting Petroleum by 1.9% during the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock worth $260,000 after purchasing an additional 895 shares during the period. HL Financial Services LLC boosted its position in Whiting Petroleum by 2.1% during the second quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock worth $274,000 after purchasing an additional 1,000 shares during the period. Finally, Frontier Wealth Management LLC boosted its position in Whiting Petroleum by 11.9% during the second quarter. Frontier Wealth Management LLC now owns 28,161 shares of the oil and gas exploration company’s stock worth $155,000 after purchasing an additional 3,000 shares during the period.
Shares of Whiting Petroleum Corp (NYSE WLL) traded up $0.91 on Friday, reaching $25.86. The company had a trading volume of 7,506,012 shares, compared to its average volume of 4,762,896. Whiting Petroleum Corp has a 12 month low of $15.88 and a 12 month high of $53.48. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.62.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.24. The company had revenue of $324.20 million during the quarter, compared to the consensus estimate of $330.25 million. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. Whiting Petroleum’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned ($1.88) earnings per share. sell-side analysts anticipate that Whiting Petroleum Corp will post -2.39 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on WLL shares. Cowen reiterated a “buy” rating and set a $32.00 target price on shares of Whiting Petroleum in a research report on Sunday, September 17th. KeyCorp restated a “buy” rating and issued a $28.00 price objective on shares of Whiting Petroleum in a research report on Tuesday, September 19th. Stifel Nicolaus set a $40.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, October 12th. Finally, SunTrust Banks set a $36.00 price objective on shares of Whiting Petroleum and gave the company a “buy” rating in a research report on Friday, October 20th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued 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 $36.27.
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About Whiting Petroleum
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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