Seven Eight Capital LP acquired a new position in Whiting Petroleum Corporation (NYSE:WLL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 121,843 shares of the oil and gas exploration company’s stock, valued at approximately $671,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Whiting Petroleum Corporation by 28.6% in the 1st quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after acquiring an additional 6,211,479 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Whiting Petroleum Corporation by 95.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,315,605 shares of the oil and gas exploration company’s stock worth $201,642,000 after acquiring an additional 10,428,144 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Whiting Petroleum Corporation by 10.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 18,077,394 shares of the oil and gas exploration company’s stock worth $171,012,000 after acquiring an additional 1,676,942 shares during the last quarter. Caymus Capital Partners L.P. lifted its holdings in shares of Whiting Petroleum Corporation by 55.9% in 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 acquiring an additional 1,335,900 shares during the last quarter. Finally, Snow Capital Management LP lifted its holdings in shares of Whiting Petroleum Corporation by 25.4% in the 1st quarter. Snow Capital Management LP now owns 3,556,529 shares of the oil and gas exploration company’s stock worth $33,645,000 after acquiring an additional 720,777 shares during the last quarter. Hedge funds and other institutional investors own 83.96% of the company’s stock.

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 company has a 50 day moving average of $4.62 and a 200-day moving average of $6.87.

Whiting Petroleum Corporation (NYSE:WLL) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. The business had revenue of $311.50 million during the quarter, compared to analyst estimates of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.70) earnings per share. Equities research analysts anticipate that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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WLL has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) lowered shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $11.50 to $7.25 in a report on Tuesday, May 30th. Credit Suisse Group lowered shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Thursday, June 1st. Royal Bank Of Canada set a $12.00 price objective on shares of Whiting Petroleum Corporation and gave the stock a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Whiting Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Macquarie lowered shares of Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $5.30 to $5.70 in a report on Wednesday, June 21st. Eight equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.99.

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.

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

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