Tortoise Capital Advisors L.L.C. Decreases Holdings in Extraction Oil & Gas Inc (NASDAQ:XOG)

Tortoise Capital Advisors L.L.C. lessened its stake in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 347,496 shares of the energy company’s stock after selling 208,446 shares during the quarter. Tortoise Capital Advisors L.L.C. owned approximately 0.20% of Extraction Oil & Gas worth $5,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in shares of Extraction Oil & Gas by 147.4% during the 2nd quarter. Citigroup Inc. now owns 8,904 shares of the energy company’s stock valued at $120,000 after purchasing an additional 5,305 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Extraction Oil & Gas during the 2nd quarter valued at $144,000. Great West Life Assurance Co. Can purchased a new position in Extraction Oil & Gas in the 2nd quarter worth $148,000. Legal & General Group Plc raised its stake in Extraction Oil & Gas by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 11,537 shares of the energy company’s stock worth $155,000 after acquiring an additional 1,453 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in Extraction Oil & Gas in the 3rd quarter worth $156,000. 89.17% of the stock is currently owned by institutional investors and hedge funds.

Extraction Oil & Gas Inc (XOG) traded down $0.22 during mid-day trading on Friday, reaching $14.31. The company had a trading volume of 1,434,815 shares, compared to its average volume of 1,233,837. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57. Extraction Oil & Gas Inc has a 12 month low of $11.31 and a 12 month high of $21.40. The firm has a market cap of $2,499.84, a PE ratio of -8.47 and a beta of 0.84.

In related news, insider Matthew R. Owens sold 400,000 shares of Extraction Oil & Gas stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $14.81, for a total value of $5,924,000.00. Following the sale, the insider now directly owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.70% of the company’s stock.

A number of equities analysts recently issued reports on XOG shares. Zacks Investment Research upgraded Extraction Oil & Gas from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, October 12th. Williams Capital restated a “buy” rating and issued a $21.00 target price on shares of Extraction Oil & Gas in a research note on Monday, October 2nd. SunTrust Banks set a $21.00 target price on Extraction Oil & Gas and gave the stock a “buy” rating in a research note on Friday, October 27th. Imperial Capital assumed coverage on Extraction Oil & Gas in a research report on Wednesday, November 15th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, KeyCorp reaffirmed a “buy” rating and set a $17.00 price target on shares of Extraction Oil & Gas in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $19.50.

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Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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