Legal & General Group Plc Has $2.76 Million Holdings in Whiting Petroleum Corp (WLL)

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Legal & General Group Plc lowered its position in Whiting Petroleum Corp (NYSE:WLL) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 121,757 shares of the oil and gas exploration company’s stock after selling 3,269 shares during the quarter. Legal & General Group Plc’s holdings in Whiting Petroleum were worth $2,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. NuWave Investment Management LLC increased its stake in shares of Whiting Petroleum by 217.9% in the fourth quarter. NuWave Investment Management LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 915 shares during the period. Rational Advisors LLC increased its stake in shares of Whiting Petroleum by 808.2% during the fourth quarter. Rational Advisors LLC now owns 1,335 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,188 shares during the period. Ffcm LLC increased its stake in shares of Whiting Petroleum by 72.2% during the fourth quarter. Ffcm LLC now owns 1,360 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 570 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Whiting Petroleum by 240.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,250 shares of the oil and gas exploration company’s stock valued at $172,000 after acquiring an additional 2,295 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in shares of Whiting Petroleum during the fourth quarter valued at approximately $87,000. Institutional investors own 98.79% of the company’s stock.

In related news, insider Peter Hagist sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.19, for a total transaction of $125,950.00. Following the completion of the sale, the insider now directly owns 43,930 shares in the company, valued at $1,106,596.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip Edward Doty sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $24.62, for a total transaction of $61,550.00. Following the sale, the director now owns 16,822 shares of the company’s stock, valued at $414,157.64. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Shares of NYSE:WLL opened at $28.73 on Wednesday. The company has a market cap of $2.76 billion, a P/E ratio of 13.18 and a beta of 2.95. Whiting Petroleum Corp has a 1-year low of $18.37 and a 1-year high of $56.47. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.65.

Whiting Petroleum (NYSE:WLL) last issued its earnings results on Tuesday, February 26th. The oil and gas exploration company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.55). The business had revenue of $473.20 million for the quarter, compared to the consensus estimate of $484.96 million. Whiting Petroleum had a return on equity of 5.45% and a net margin of 16.45%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) earnings per share. As a group, sell-side analysts anticipate that Whiting Petroleum Corp will post 1.47 EPS for the current year.

A number of research analysts recently commented on the stock. ValuEngine upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Morgan Stanley lowered shares of Whiting Petroleum from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $28.00 to $31.00 in a research note on Friday, April 12th. Zacks Investment Research upgraded shares of Whiting Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Ifs Securities reiterated an “outperform” rating on shares of Whiting Petroleum in a research note on Sunday, February 3rd. Finally, KeyCorp assumed coverage on shares of Whiting Petroleum in a research note on Tuesday, February 12th. They set an “overweight” rating and a $33.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $48.24.

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Whiting Petroleum Company 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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Want to see what other hedge funds are holding WLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whiting Petroleum Corp (NYSE:WLL).

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

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