40,000 Shares in Whiting Petroleum Co. (NYSE:WLL) Bought by Moors & Cabot Inc.

Moors & Cabot Inc. acquired a new position in Whiting Petroleum Co. (NYSE:WLL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 40,000 shares of the oil and gas exploration company’s stock, valued at approximately $40,000. Moors & Cabot Inc. owned approximately 0.10% of Whiting Petroleum as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Toth Financial Advisory Corp bought a new position in shares of Whiting Petroleum during the 3rd quarter valued at about $25,000. Steward Partners Investment Advisory LLC purchased a new stake in Whiting Petroleum in the second quarter worth approximately $33,000. Russell Investments Group Ltd. boosted its stake in Whiting Petroleum by 97.4% in the second quarter. Russell Investments Group Ltd. now owns 768 shares of the oil and gas exploration company’s stock worth $41,000 after buying an additional 379 shares in the last quarter. Ellevest Inc. boosted its stake in Whiting Petroleum by 29.8% in the third quarter. Ellevest Inc. now owns 1,059 shares of the oil and gas exploration company’s stock worth $62,000 after buying an additional 243 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Whiting Petroleum in the second quarter worth approximately $76,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Shares of WLL stock opened at $75.18 on Friday. The stock has a fifty day moving average of $67.35 and a 200 day moving average of $58.53. Whiting Petroleum Co. has a 52 week low of $19.75 and a 52 week high of $76.76. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 22.24 and a beta of 2.49.

Whiting Petroleum (NYSE:WLL) last announced its quarterly earnings results on Wednesday, November 3rd. The oil and gas exploration company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.06 by $0.51. The business had revenue of $401.04 million during the quarter, compared to analysts’ expectations of $310.70 million. As a group, research analysts predict that Whiting Petroleum Co. will post 13.5 EPS for the current year.

Several analysts have issued reports on WLL shares. Piper Sandler upped their target price on Whiting Petroleum from $50.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 21st. Cowen upped their target price on Whiting Petroleum from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 8th. KeyCorp upped their target price on Whiting Petroleum from $76.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday. Zacks Investment Research lowered Whiting Petroleum from a “strong-buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Tuesday, December 21st. Finally, Wells Fargo & Company lowered Whiting Petroleum from an “overweight” rating to an “equal weight” rating and set a $78.00 price objective for the company. in a research note on Wednesday, January 5th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Whiting Petroleum presently has an average rating of “Buy” and a consensus target price of $76.44.

In other Whiting Petroleum news, Director Daniel J. Iv Rice purchased 15,150 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The stock was bought at an average price of $67.66 per share, with a total value of $1,025,049.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

About Whiting Petroleum

Whiting Petroleum Corp. engages in the development, production, acquisition, and exploration of oil and gas properties. It operates in the Rocky Mountains regions. The company was founded by Kenneth R. Whiting and J. Bert Ladd in January 1980 and is headquartered in Denver, CO.

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

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