National Planning Corp Reduces Stake in Oasis Petroleum Inc. (OAS)
National Planning Corp decreased its holdings in shares of Oasis Petroleum Inc. (NYSE:OAS) by 52.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,350 shares of the energy producer’s stock after selling 13,400 shares during the quarter. National Planning Corp’s holdings in Oasis Petroleum were worth $112,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Bellwether Investment Group LLC grew its holdings in shares of Oasis Petroleum by 7.7% during the second quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after buying an additional 1,463 shares in the last quarter. Westpac Banking Corp grew its holdings in shares of Oasis Petroleum by 16.1% during the second quarter. Westpac Banking Corp now owns 462,423 shares of the energy producer’s stock worth $3,723,000 after buying an additional 64,023 shares in the last quarter. Caymus Capital Partners L.P. grew its holdings in shares of Oasis Petroleum by 50.2% during the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after buying an additional 2,086,400 shares in the last quarter. Hermes Investment Management Ltd. grew its holdings in shares of Oasis Petroleum by 11.5% during the third quarter. Hermes Investment Management Ltd. now owns 4,756,633 shares of the energy producer’s stock worth $43,380,000 after buying an additional 490,057 shares in the last quarter. Finally, Piermont Capital Management Inc. purchased a new stake in shares of Oasis Petroleum during the second quarter worth $1,728,000. 93.97% of the stock is owned by institutional investors and hedge funds.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.
Oasis Petroleum (NYSE:OAS) last posted its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million for the quarter, compared to analysts’ expectations of $264.72 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. 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 -0.1 EPS for the current fiscal year.
A number of research firms have recently issued reports on OAS. BidaskClub lowered shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies set a $14.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. BMO Capital Markets set a $11.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a research report on Sunday, August 13th. Mizuho reissued a “hold” rating and set a $10.00 price target on shares of Oasis Petroleum in a research report on Friday, September 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $10.00 price target (down previously from $10.50) on shares of Oasis Petroleum in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.32.
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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