Leonard Capital Management Exits Position in Whiting Petroleum Corp (WLL)

Whiting Petroleum Corp (WLL) : Leonard Capital Management has sold out all of its stake in Whiting Petroleum Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 145,000 shares of Whiting Petroleum Corp which is valued at $1,110,700.

Other Hedge Funds, Including , Point72 Asset Management boosted its stake in WLL in the latest quarter, The investment management firm added 435,900 additional shares and now holds a total of 464,300 shares of Whiting Petroleum Corp which is valued at $3,556,538. Whiting Petroleum Corp makes up approx 0.03% of Point72 Asset Management’s portfolio.Tortoise Capital Advisors L.l.c. reduced its stake in WLL by selling 1,994 shares or 42.82% in the most recent quarter. The Hedge Fund company now holds 2,663 shares of WLL which is valued at $20,399. Sii Investments Incwi sold out all of its stake in WLL during the most recent quarter. The investment firm sold 12,729 shares of WLL which is valued $100,941.Ubs Asset Management Americas Inc boosted its stake in WLL in the latest quarter, The investment management firm added 57,108 additional shares and now holds a total of 543,545 shares of Whiting Petroleum Corp which is valued at $4,196,167. Strs Ohio sold out all of its stake in WLL during the most recent quarter. The investment firm sold 6,460 shares of WLL which is valued $47,481.

Whiting Petroleum Corp closed down -0.18 points or -2.47% at $7.11 with 2,04,94,700 shares getting traded on Thursday. Post opening the session at $7.21, the shares hit an intraday low of $7 and an intraday high of $7.29 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Whiting Petroleum Corp reported $-0.70 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.45. The company had revenue of $339.58 million for the quarter, compared to analysts expectations of $407.63 million. The company’s revenue was down -42.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Whiting Petroleum Corp. Shares were Reiterated by Wunderlich on Jul 29, 2016 to “Hold” and Lowered the Price Target to $ 7 from a previous price target of $11 .Credit Suisse Upgraded Whiting Petroleum Corp on Jul 13, 2016 to ” Outperform”, Price Target of the shares are set at $14.Shares were Upgraded by Seaport Global Securities on Jul 12, 2016 to ” Neutral” and Lowered the Price Target to $ 8 from a previous price target of $9 .

Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in exploration development acquisition and production of crude oil NGLs and natural gas in the Rocky Mountains and Permian Basin regions of the United States. The Company’s Rocky Mountains operations include assets in the states of Colorado Montana North Dakota Utah and Wyoming. The Company’s Permian Basin operations include assets in Texas and New Mexico. The Company’s other operations primarily include its assets in Arkansas Michigan Oklahoma and Texas. As of December 31 2014 The Company’s estimated proved reserves totaled 780.3 Million Barrels of Oil Equivalent (MMBOE). At December 31 2014 the Company’s probable reserves were estimated to be 399.3 MMBOE and its possible reserves were estimated to be 225.5 MMBOE for a total of 624.8 MMBOE.

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