Systematic Financial Management LP Has $3.55 Million Position in Whiting Petroleum Corporation (WLL)

Systematic Financial Management LP increased its holdings in Whiting Petroleum Corporation (NYSE:WLL) by 170.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 643,790 shares of the oil and gas exploration company’s stock after buying an additional 405,685 shares during the period. Systematic Financial Management LP owned 0.18% of Whiting Petroleum Corporation worth $3,547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its holdings in Whiting Petroleum Corporation by 2.2% in the 1st quarter. Teacher Retirement System of Texas now owns 22,179 shares of the oil and gas exploration company’s stock worth $210,000 after buying an additional 487 shares during the period. World Asset Management Inc boosted its holdings in Whiting Petroleum Corporation by 4.7% in the 1st quarter. World Asset Management Inc now owns 12,665 shares of the oil and gas exploration company’s stock worth $120,000 after buying an additional 570 shares during the period. Sentinel Trust Co. LBA boosted its holdings in Whiting Petroleum Corporation by 0.6% in the 2nd quarter. Sentinel Trust Co. LBA now owns 151,560 shares of the oil and gas exploration company’s stock worth $835,000 after buying an additional 850 shares during the period. Investment Centers of America Inc. boosted its holdings in Whiting Petroleum Corporation by 2.3% in the 1st quarter. Investment Centers of America Inc. now owns 41,362 shares of the oil and gas exploration company’s stock worth $392,000 after buying an additional 946 shares during the period. Finally, HL Financial Services LLC boosted its holdings in Whiting Petroleum Corporation by 2.1% in the 2nd quarter. HL Financial Services LLC now owns 49,780 shares of the oil and gas exploration company’s stock worth $274,000 after buying an additional 1,000 shares during the period. 83.96% of the stock is owned by institutional investors.

Several research analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Whiting Petroleum Corporation in a report on Thursday, June 22nd. ValuEngine downgraded shares of Whiting Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of Whiting Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Stifel Nicolaus cut their price target on shares of Whiting Petroleum Corporation from $12.00 to $11.50 and set a “buy” rating for the company in a report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Whiting Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their price target for the company from $11.50 to $7.25 in a report on Tuesday, May 30th. Eight investment analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.99.

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Shares of Whiting Petroleum Corporation (NYSE:WLL) opened at 4.44 on Wednesday. The company’s market cap is $1.61 billion. The firm has a 50-day moving average of $4.67 and a 200-day moving average of $6.99. Whiting Petroleum Corporation has a one year low of $3.97 and a one year high of $13.39.

Whiting Petroleum Corporation (NYSE:WLL) last released its quarterly earnings results on Wednesday, July 26th. The oil and gas exploration company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. The company had revenue of $311.50 million for the quarter, compared to the consensus estimate of $345.64 million. Whiting Petroleum Corporation had a negative net margin of 88.27% and a negative return on equity of 6.77%. Whiting Petroleum Corporation’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.70) earnings per share. Equities research analysts forecast that Whiting Petroleum Corporation will post ($0.70) EPS for the current fiscal year.

About Whiting Petroleum Corporation

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.

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

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