Macquarie Group Ltd. Has $39.90 Million Position in Oasis Petroleum Inc. (OAS)
Macquarie Group Ltd. boosted its stake in Oasis Petroleum Inc. (NYSE:OAS) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,374,589 shares of the energy producer’s stock after purchasing an additional 436,975 shares during the quarter. Macquarie Group Ltd. owned about 1.84% of Oasis Petroleum worth $39,897,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Amalgamated Bank grew its holdings in shares of Oasis Petroleum by 1.1% during the second quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock worth $238,000 after purchasing an additional 323 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Oasis Petroleum by 5.6% during the second quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock worth $166,000 after purchasing an additional 1,089 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Oasis Petroleum by 6.3% during the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after purchasing an additional 1,100 shares during the last quarter. Bellwether Investment Group LLC lifted its stake in shares of Oasis Petroleum by 7.7% in the second quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after acquiring an additional 1,463 shares during the period. Finally, Energy Opportunities Capital Management LLC lifted its stake in shares of Oasis Petroleum by 2.8% in the second quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock worth $610,000 after acquiring an additional 2,062 shares during the period. 94.74% of the stock is owned by institutional investors and hedge funds.
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In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by company insiders.
Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The business had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. During the same period last year, the company earned ($0.19) EPS. Oasis Petroleum’s revenue for the quarter was up 71.9% compared to the same quarter last year. analysts predict that Oasis Petroleum Inc. will post -0.11 earnings per share for the current year.
A number of equities analysts recently commented on the company. ValuEngine lowered Oasis Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Mizuho reissued a “hold” rating and issued a $10.00 price target on shares of Oasis Petroleum in a research note on Friday, September 29th. BMO Capital Markets set a $11.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Sunday, August 13th. Cowen and Company reaffirmed a “buy” rating and set a $12.00 target price on shares of Oasis Petroleum in a research report on Friday, November 10th. Finally, Royal Bank Of Canada set a $14.00 target price on Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.27.
Oasis Petroleum Company Profile
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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