Virginia Retirement Systems ET AL reduced its holdings in shares of Whiting Petroleum Corp (NYSE:WLL) by 29.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,817 shares of the oil and gas exploration company’s stock after selling 15,105 shares during the period. Virginia Retirement Systems ET AL’s holdings in Whiting Petroleum were worth $196,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of WLL. Chicago Equity Partners LLC purchased a new position in Whiting Petroleum during the 2nd quarter valued at about $102,000. First Allied Advisory Services Inc. lifted its position in Whiting Petroleum by 2.0% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,585 shares of the oil and gas exploration company’s stock valued at $138,000 after acquiring an additional 475 shares during the period. Gotham Asset Management LLC lifted its position in Whiting Petroleum by 92.9% during the 2nd quarter. Gotham Asset Management LLC now owns 26,616 shares of the oil and gas exploration company’s stock valued at $147,000 after acquiring an additional 12,815 shares during the period. Advisor Group Inc. lifted its position in Whiting Petroleum by 167.2% during the 3rd quarter. Advisor Group Inc. now owns 28,135 shares of the oil and gas exploration company’s stock valued at $154,000 after acquiring an additional 17,604 shares during the period. Finally, Frontier Wealth Management LLC lifted its position in Whiting Petroleum by 11.9% during the 2nd quarter. Frontier Wealth Management LLC now owns 28,161 shares of the oil and gas exploration company’s stock valued at $155,000 after acquiring an additional 3,000 shares during the period.

WLL has been the subject of a number of recent research reports. ValuEngine cut shares of Whiting Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Tudor Pickering cut shares of Whiting Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Morgan Stanley cut shares of Whiting Petroleum from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $14.00 in a research report on Tuesday, September 12th. Cowen reissued a “buy” rating and set a $32.00 price target on shares of Whiting Petroleum in a research report on Sunday, September 17th. Finally, Piper Jaffray Companies lowered their price target on shares of Whiting Petroleum from $40.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Whiting Petroleum has an average rating of “Hold” and an average price target of $33.83.

Shares of Whiting Petroleum Corp (NYSE WLL) traded down $0.15 during mid-day trading on Friday, hitting $22.39. 3,688,000 shares of the stock were exchanged, compared to its average volume of 4,787,456. Whiting Petroleum Corp has a 52-week low of $15.88 and a 52-week high of $53.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas exploration company reported ($0.56) EPS for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.24. Whiting Petroleum had a negative net margin of 45.39% and a negative return on equity of 5.06%. The firm had revenue of $324.20 million during the quarter, compared to analyst estimates of $330.25 million. During the same period in the previous year, the business posted ($1.88) earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. equities research analysts anticipate that Whiting Petroleum Corp will post -2.39 EPS for the current fiscal year.

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Whiting Petroleum 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.

Institutional Ownership by Quarter for Whiting Petroleum (NYSE:WLL)

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