TCW Group Inc. Has $26.84 Million Position in Whiting Petroleum Corp (WLL)

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TCW Group Inc. increased its position in shares of Whiting Petroleum Corp (NYSE:WLL) by 1,197.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,077 shares of the oil and gas exploration company’s stock after purchasing an additional 467,082 shares during the period. TCW Group Inc. owned 0.56% of Whiting Petroleum worth $26,842,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WLL. FMR LLC grew its stake in shares of Whiting Petroleum by 79.9% during the second quarter. FMR LLC now owns 13,203,744 shares of the oil and gas exploration company’s stock worth $696,101,000 after purchasing an additional 5,865,141 shares in the last quarter. Iridian Asset Management LLC CT acquired a new position in shares of Whiting Petroleum during the second quarter worth $84,482,000. Renaissance Technologies LLC acquired a new position in shares of Whiting Petroleum during the second quarter worth $48,052,000. Schwab Charles Investment Management Inc. grew its stake in shares of Whiting Petroleum by 109.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 804,400 shares of the oil and gas exploration company’s stock worth $42,408,000 after purchasing an additional 420,685 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Whiting Petroleum during the second quarter worth $15,310,000. Hedge funds and other institutional investors own 93.82% of the company’s stock.

A number of equities analysts recently commented on WLL shares. R. F. Lafferty upgraded shares of Whiting Petroleum from a “hold” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $56.00 in a research note on Wednesday, September 5th. Wells Fargo & Co upgraded shares of Whiting Petroleum from a “market perform” rating to an “outperform” rating and set a $67.00 price objective for the company in a research note on Tuesday, October 23rd. Morgan Stanley upped their price objective on shares of Whiting Petroleum from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Citigroup assumed coverage on shares of Whiting Petroleum in a research note on Tuesday, October 2nd. They issued a “top pick” rating and a $67.00 price objective for the company. Finally, KLR Group restated a “buy” rating and issued a $64.00 price objective on shares of Whiting Petroleum in a research note on Monday, August 20th. Fourteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Whiting Petroleum has a consensus rating of “Buy” and a consensus price target of $51.34.

In other news, insider Rick A. Mr. Ross sold 2,079 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $55.01, for a total value of $114,365.79. Following the completion of the sale, the insider now directly owns 73,536 shares of the company’s stock, valued at $4,045,215.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Catlin sold 8,626 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $50.50, for a total transaction of $435,613.00. Following the completion of the sale, the director now directly owns 57,888 shares of the company’s stock, valued at $2,923,344. The disclosure for this sale can be found here. Insiders sold 23,181 shares of company stock valued at $1,236,658 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Shares of NYSE:WLL opened at $35.28 on Wednesday. Whiting Petroleum Corp has a one year low of $21.38 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $3.28 billion, a PE ratio of -26.93, a price-to-earnings-growth ratio of 1.45 and a beta of 2.94.

Whiting Petroleum (NYSE:WLL) last announced its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.31. Whiting Petroleum had a negative net margin of 58.02% and a positive return on equity of 1.82%. The business had revenue of $566.70 million during the quarter, compared to analysts’ expectations of $522.00 million. During the same period in the prior year, the company earned ($0.14) earnings per share. The business’s revenue was up 74.8% compared to the same quarter last year. As a group, sell-side analysts predict that Whiting Petroleum Corp will post 2.93 EPS for the current year.

Whiting Petroleum Company Profile

Whiting Petroleum Corporation engages in the acquisition, exploration, development, and production of crude oil, natural gas liquids, and natural gas primarily in the Rocky Mountains region of the United States. The company sells its oil and gas production to end users, marketers, and other purchasers.

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

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