Piermont Capital Management Inc. bought a new position in Whiting Petroleum Corporation (NYSE:WLL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 305,820 shares of the oil and gas exploration company’s stock, valued at approximately $1,685,000. Piermont Capital Management Inc. owned about 0.08% of Whiting Petroleum Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in WLL. Dimensional Fund Advisors LP boosted its position in Whiting Petroleum Corporation by 95.8% in the first 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 purchasing an additional 10,428,144 shares during the last quarter. Vanguard Group Inc. boosted its position in Whiting Petroleum Corporation by 28.6% in the first quarter. Vanguard Group Inc. now owns 27,919,350 shares of the oil and gas exploration company’s stock worth $264,116,000 after purchasing an additional 6,211,479 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Whiting Petroleum Corporation in the first quarter worth about $29,442,000. Hotchkis & Wiley Capital Management LLC boosted its position in Whiting Petroleum Corporation by 10.2% in the first 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 purchasing an additional 1,676,942 shares during the last quarter. Finally, Caymus Capital Partners L.P. boosted its position in Whiting Petroleum Corporation by 55.9% in the second 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 purchasing an additional 1,335,900 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on WLL shares. Credit Suisse Group cut Whiting Petroleum Corporation from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Thursday, June 1st. Royal Bank Of Canada set a $12.00 price objective on Whiting Petroleum Corporation and gave the company a “hold” rating in a research report on Friday, June 2nd. Seaport Global Securities cut Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $10.00 to $4.00 in a research report on Wednesday, June 21st. Tudor Pickering cut Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $10.00 price objective on shares of Whiting Petroleum Corporation in a research report on Thursday, June 22nd. Eight research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Whiting Petroleum Corporation currently has an average rating of “Hold” and an average target price of $10.56.

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Whiting Petroleum Corporation (WLL) opened at 5.10 on Monday. The company’s market cap is $1.85 billion. The stock’s 50 day moving average price is $4.60 and its 200 day moving average price is $6.72. Whiting Petroleum Corporation has a 52-week low of $3.97 and a 52-week high of $13.39.

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

Whiting Petroleum Corporation Company Profile

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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