Oasis Petroleum Inc. (OAS) Holdings Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its holdings in Oasis Petroleum Inc. (NYSE:OAS) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,931,680 shares of the energy producer’s stock after buying an additional 43,984 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.40% of Oasis Petroleum worth $160,449,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Amalgamated Bank grew its holdings in Oasis Petroleum by 1.1% in the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after buying an additional 323 shares during the period. Teacher Retirement System of Texas grew its holdings in Oasis Petroleum by 2.9% in the 1st quarter. Teacher Retirement System of Texas now owns 17,588 shares of the energy producer’s stock valued at $251,000 after buying an additional 497 shares during the period. Bellwether Investment Group LLC grew its holdings in Oasis Petroleum by 7.7% in the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after buying an additional 1,463 shares during the period. Stephens Inc. AR grew its holdings in Oasis Petroleum by 13.8% in the 1st 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. Finally, Prudential Financial Inc. grew its holdings in Oasis Petroleum by 0.3% in the 1st quarter. Prudential Financial Inc. now owns 662,093 shares of the energy producer’s stock valued at $9,441,000 after buying an additional 2,070 shares during the period. Institutional investors own 93.57% of the company’s stock.
Oasis Petroleum Inc. (OAS) opened at 9.21 on Thursday. Oasis Petroleum Inc. has a 12 month low of $6.69 and a 12 month high of $17.08. The firm has a 50 day moving average price of $7.58 and a 200-day moving average price of $9.96. The firm’s market capitalization is $2.19 billion.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The firm had revenue of $254.10 million during the quarter, compared to the consensus estimate of $255.41 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, equities analysts forecast that Oasis Petroleum Inc. will post ($0.14) EPS for the current year.
In related news, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the sale, the insider now owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
OAS has been the subject of several recent analyst reports. Citigroup Inc. lowered their price target on Oasis Petroleum from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Cowen and Company set a $14.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a research note on Thursday, July 6th. BMO Capital Markets set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, June 26th. Finally, Royal Bank Of Canada set a $19.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have given a buy rating to the stock. Oasis Petroleum presently has a consensus rating of “Hold” and a consensus target price of $14.34.
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.
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