Cambridge Investment Research Advisors Inc. raised its stake in Whiting Petroleum Corporation (NYSE:WLL) by 12.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,346 shares of the oil and gas exploration company’s stock after acquiring an additional 6,860 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Whiting Petroleum Corporation were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WLL. Pacer Advisors Inc. raised its holdings in shares of Whiting Petroleum Corporation by 25.6% during the 2nd quarter. Pacer Advisors Inc. now owns 53,949 shares of the oil and gas exploration company’s stock worth $297,000 after buying an additional 10,988 shares in the last quarter. Utah Retirement Systems raised its holdings in shares of Whiting Petroleum Corporation by 79.3% during the 2nd quarter. Utah Retirement Systems now owns 65,783 shares of the oil and gas exploration company’s stock worth $363,000 after buying an additional 29,100 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Whiting Petroleum Corporation by 81.7% during the 2nd quarter. American Century Companies Inc. now owns 105,071 shares of the oil and gas exploration company’s stock worth $579,000 after buying an additional 47,240 shares in the last quarter. Caymus Capital Partners L.P. raised its holdings in shares of Whiting Petroleum Corporation by 55.9% during the 2nd quarter. Caymus Capital Partners L.P. now owns 3,724,500 shares of the oil and gas exploration company’s stock worth $20,522,000 after buying an additional 1,335,900 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Whiting Petroleum Corporation by 51.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 478,028 shares of the oil and gas exploration company’s stock worth $2,634,000 after buying an additional 162,585 shares in the last quarter. 83.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Whiting Petroleum Corporation (NYSE WLL) opened at 4.86 on Friday. The stock’s market capitalization is $1.76 billion. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The stock has a 50 day moving average price of $4.62 and a 200 day moving average price of $6.87.

Whiting Petroleum Corporation (NYSE:WLL) last released its earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The firm had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. During the same period last year, the business earned ($0.70) earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts expect that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

WLL has been the subject of a number of research analyst reports. Credit Suisse Group cut Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 price target for the company. in a report on Thursday, June 1st. Royal Bank Of Canada set a $12.00 price target on Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. Seaport Global Securities cut Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $10.00 to $4.00 in a report on Wednesday, June 21st. BMO Capital Markets reissued a “hold” rating and set a $10.00 price target on shares of Whiting Petroleum Corporation in a report on Thursday, June 22nd. Finally, Tudor Pickering cut Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.99.

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About Whiting Petroleum Corporation

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 Corporation (NYSE:WLL)

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