Schwab Charles Investment Management Inc. boosted its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 15.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329,946 shares of the energy producer’s stock after buying an additional 176,654 shares during the period. Schwab Charles Investment Management Inc. owned 0.56% of Oasis Petroleum worth $18,966,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OAS. DekaBank Deutsche Girozentrale increased its position in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock valued at $164,000 after buying an additional 1,526 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Oasis Petroleum during the fourth quarter valued at about $227,000. Stephens Inc. AR increased its position in shares of Oasis Petroleum by 13.8% in the first quarter. Stephens Inc. AR now owns 16,050 shares of the energy producer’s stock valued at $229,000 after buying an additional 1,950 shares during the period. Advisory Services Network LLC purchased a new position in shares of Oasis Petroleum during the first quarter valued at about $242,000. Finally, Atria Investments LLC increased its stake in Oasis Petroleum by 4.3% in the first quarter. Atria Investments LLC now owns 17,075 shares of the energy producer’s stock valued at $243,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Shares of Oasis Petroleum Inc. (NYSE OAS) traded up 11.34% during midday trading on Friday, hitting $8.05. The company had a trading volume of 16,635,356 shares. Oasis Petroleum Inc. has a 12-month low of $6.67 and a 12-month high of $17.08. The firm’s market capitalization is $1.91 billion. The firm’s 50-day moving average is $7.93 and its 200-day moving average is $11.58.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. Oasis Petroleum had a negative return on equity of 2.48% and a negative net margin of 5.16%. The business’s revenue was up 42.0% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. On average, analysts predict that Oasis Petroleum Inc. will post ($0.15) earnings per share for the current fiscal year.

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OAS has been the subject of several research analyst reports. Bank of America Corporation initiated coverage on shares of Oasis Petroleum in a report on Wednesday, July 19th. They issued a “neutral” rating and a $9.00 price objective for the company. Citigroup Inc. reduced their price objective on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a report on Friday, July 21st. Credit Suisse Group reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of Oasis Petroleum in a report on Friday, June 2nd. Royal Bank Of Canada set a $19.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Thursday, June 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Oasis Petroleum presently has a consensus rating of “Buy” and an average target price of $14.53.

In other Oasis Petroleum news, Chairman Thomas B. Nusz sold 187,236 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $9.50, for a total value of $1,778,742.00. Following the completion of the transaction, the chairman now directly owns 1,469,546 shares in the company, valued at $13,960,687. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

About Oasis Petroleum

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.

Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

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