Wells Fargo & Company MN raised its holdings in shares of Whiting Petroleum Corporation (NYSE:WLL) by 4.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,539,429 shares of the oil and gas exploration company’s stock after purchasing an additional 110,536 shares during the period. Wells Fargo & Company MN owned 0.70% of Whiting Petroleum Corporation worth $13,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WLL. Chicago Equity Partners LLC bought a new position in shares of Whiting Petroleum Corporation during the second quarter valued at approximately $102,000. Campbell & CO Investment Adviser LLC increased its stake in shares of Whiting Petroleum Corporation by 24.4% during the second quarter. Campbell & CO Investment Adviser LLC now owns 20,349 shares of the oil and gas exploration company’s stock valued at $112,000 after purchasing an additional 3,988 shares in the last quarter. World Asset Management Inc increased its stake in shares of Whiting Petroleum Corporation by 4.7% during the first quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock valued at $120,000 after purchasing an additional 570 shares in the last quarter. Palisade Capital Management LLC NJ bought a new position in shares of Whiting Petroleum Corporation during the second quarter valued at approximately $121,000. Finally, Gotham Asset Management LLC increased its stake in shares of Whiting Petroleum Corporation by 22.8% during the first quarter. Gotham Asset Management LLC now owns 13,801 shares of the oil and gas exploration company’s stock valued at $131,000 after purchasing an additional 2,566 shares in the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have weighed in on WLL. Imperial Capital began coverage on shares of Whiting Petroleum Corporation in a research note on Thursday. They set an “in-line” rating and a $6.00 target price for the company. KeyCorp reaffirmed a “buy” rating and set a $7.00 target price on shares of Whiting Petroleum Corporation in a research note on Tuesday, September 19th. Piper Jaffray Companies decreased their target price on shares of Whiting Petroleum Corporation from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Cowen and Company reaffirmed a “buy” rating and set a $8.00 target price on shares of Whiting Petroleum Corporation in a research note on Sunday, September 17th. Finally, Morgan Stanley downgraded shares of Whiting Petroleum Corporation from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $5.00 to $3.50 in a research note on Tuesday, September 12th. Eight analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Whiting Petroleum Corporation has an average rating of “Hold” and an average target price of $10.40.

Whiting Petroleum Corporation (WLL) opened at 5.46 on Friday. The stock’s market cap is $1.98 billion. Whiting Petroleum Corporation has a 52 week low of $3.97 and a 52 week high of $13.39. The stock’s 50 day moving average is $4.60 and its 200 day moving average is $6.72.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $311.50 million for 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 quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.70) earnings per share. Analysts predict that Whiting Petroleum Corporation will post ($0.70) EPS for the current year.

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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