Capital Growth Management LP bought a new stake in Whiting Petroleum Corp (NYSE:WLL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 200,000 shares of the oil and gas exploration company’s stock, valued at approximately $10,608,000. Capital Growth Management LP owned about 0.22% of Whiting Petroleum at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Lourd Capital LLC purchased a new stake in shares of Whiting Petroleum in the third quarter valued at approximately $204,000. CastleArk Alternatives LLC boosted its stake in shares of Whiting Petroleum by 503.3% in the second quarter. CastleArk Alternatives LLC now owns 64,463 shares of the oil and gas exploration company’s stock valued at $3,398,000 after buying an additional 53,778 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of Whiting Petroleum in the second quarter valued at approximately $178,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Whiting Petroleum in the second quarter valued at approximately $484,000. Finally, Sterling Capital Management LLC purchased a new stake in shares of Whiting Petroleum in the second quarter valued at approximately $556,000. Institutional investors own 95.25% of the company’s stock.

In other news, Director William N. Hahne sold 2,300 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $36.85, for a total value of $84,755.00. Following the completion of the transaction, the director now directly owns 20,914 shares of the company’s stock, valued at $770,680.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Stevens sold 12,476 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $55.04, for a total value of $686,679.04. Following the completion of the transaction, the chief financial officer now directly owns 96,571 shares of the company’s stock, valued at $5,315,267.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,481 shares of company stock valued at $1,321,413. Insiders own 1.70% of the company’s stock.

A number of analysts recently weighed in on WLL shares. Robert W. Baird lifted their price target on Whiting Petroleum from $50.00 to $61.00 and gave the company an “outperform” rating in a research note on Sunday, July 29th. Stifel Nicolaus decreased their price target on Whiting Petroleum from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Susquehanna Bancshares decreased their price target on Whiting Petroleum from $58.00 to $57.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 1st. Morgan Stanley decreased their price target on Whiting Petroleum from $65.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, August 16th. Finally, KLR Group restated a “buy” rating and issued a $64.00 price target on shares of Whiting Petroleum in a research note on Monday, August 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Whiting Petroleum currently has a consensus rating of “Buy” and an average target price of $52.17.

NYSE WLL opened at $31.57 on Tuesday. Whiting Petroleum Corp has a fifty-two week low of $21.38 and a fifty-two week high of $56.47. The firm has a market capitalization of $3.03 billion, a PE ratio of -24.10, a P/E/G ratio of 1.35 and a beta of 3.02. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.70.

Whiting Petroleum (NYSE:WLL) last released its quarterly earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.34. Whiting Petroleum had a positive return on equity of 5.30% and a negative net margin of 31.68%. The company had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $522.00 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. The business’s revenue for the quarter was up 74.8% compared to the same quarter last year. As a group, research analysts predict that Whiting Petroleum Corp will post 3.09 earnings per share for the current fiscal year.

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About Whiting Petroleum

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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

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