California Public Employees Retirement System grew its position in shares of Whiting Petroleum Corp (NYSE:WLL) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 685,691 shares of the oil and gas exploration company’s stock after purchasing an additional 37,993 shares during the period. California Public Employees Retirement System’s holdings in Whiting Petroleum were worth $3,744,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. ProShare Advisors LLC lifted its stake 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 in the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Whiting Petroleum by 2.0% in the second quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after acquiring an additional 475 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Whiting Petroleum by 1.9% in the second quarter. MML Investors Services LLC now owns 47,263 shares of the oil and gas exploration company’s stock valued at $260,000 after acquiring an additional 895 shares in the last quarter. Frontier Wealth Management LLC raised its stake in shares of Whiting Petroleum by 11.9% in the second quarter. Frontier Wealth Management LLC now owns 28,161 shares of the oil and gas exploration company’s stock valued at $155,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Broadview Advisors LLC raised its stake in shares of Whiting Petroleum by 0.8% in the second quarter. Broadview Advisors LLC now owns 845,531 shares of the oil and gas exploration company’s stock valued at $4,659,000 after acquiring an additional 6,550 shares in the last quarter.

Whiting Petroleum Corp (NYSE:WLL) opened at $29.72 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. Whiting Petroleum Corp has a twelve month low of $15.88 and a twelve month high of $52.32. The stock has a market capitalization of $2,700.00, a PE ratio of -4.14 and a beta of 3.39.

Whiting Petroleum (NYSE:WLL) last released 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 the Zacks’ consensus estimate of ($0.80) by $0.24. Whiting Petroleum had a negative return on equity of 5.06% and a negative net margin of 45.39%. The firm had revenue of $324.20 million for the quarter, compared to analyst estimates of $330.25 million. During the same quarter last year, the company posted ($1.88) earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. sell-side analysts forecast that Whiting Petroleum Corp will post -2.27 EPS for the current year.

Several analysts have recently issued reports on WLL shares. Cowen reiterated a “buy” rating and issued a $32.00 price objective on shares of Whiting Petroleum in a research note on Sunday, September 17th. Piper Jaffray Companies reduced their price objective on Whiting Petroleum from $40.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. KeyCorp reiterated a “buy” rating and issued a $28.00 price objective on shares of Whiting Petroleum in a research note on Tuesday, September 19th. Imperial Capital started coverage on Whiting Petroleum in a research note on Thursday, September 28th. They issued an “in-line” rating and a $24.00 price objective on the stock. Finally, Stifel Nicolaus set a $40.00 price objective on Whiting Petroleum and gave the company a “buy” rating in a research note on Thursday, October 5th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.31.

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

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