Principal Financial Group Inc. raised its holdings in shares of Whiting Petroleum Corp (NYSE:WLL) by 190.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,134,062 shares of the oil and gas exploration company’s stock after buying an additional 743,087 shares during the period. Principal Financial Group Inc.’s holdings in Whiting Petroleum were worth $29,644,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Whittier Trust Co. raised its stake in Whiting Petroleum by 89.9% during the 1st quarter. Whittier Trust Co. now owns 1,092 shares of the oil and gas exploration company’s stock worth $29,000 after acquiring an additional 517 shares in the last quarter. Rational Advisors LLC grew its position in Whiting Petroleum by 808.2% during the 4th quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,188 shares during the last quarter. Ffcm LLC grew its position in Whiting Petroleum by 72.2% during the 4th quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 570 shares during the last quarter. Meeder Asset Management Inc. grew its position in Whiting Petroleum by 78.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,222 shares of the oil and gas exploration company’s stock worth $58,000 after purchasing an additional 979 shares during the last quarter. Finally, LS Investment Advisors LLC purchased a new position in Whiting Petroleum during the 1st quarter worth $70,000. Institutional investors and hedge funds own 99.70% of the company’s stock.
Several brokerages have recently weighed in on WLL. Imperial Capital reaffirmed an “in-line” rating and issued a $29.00 target price (down previously from $33.00) on shares of Whiting Petroleum in a report on Friday, May 3rd. Bank of America set a $37.00 price target on shares of Whiting Petroleum and gave the company a “buy” rating in a report on Thursday, May 2nd. Zacks Investment Research raised shares of Whiting Petroleum from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, April 4th. Morgan Stanley set a $28.00 price objective on shares of Whiting Petroleum and gave the company a “hold” rating in a research report on Wednesday, May 8th. Finally, ValuEngine cut shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $45.86.
Whiting Petroleum (NYSE:WLL) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas exploration company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.36). The company had revenue of $389.50 million for the quarter, compared to the consensus estimate of $421.43 million. Whiting Petroleum had a net margin of 13.22% and a return on equity of 2.98%. The firm’s revenue was down 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. On average, sell-side analysts anticipate that Whiting Petroleum Corp will post 1.52 EPS for the current fiscal year.
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Whiting Petroleum Profile
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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