Viking Fund Management adds Whiting Petroleum Corp (WLL) to its portfolio

Whiting Petroleum Corp (WLL) : Viking Fund Management added new position in Whiting Petroleum Corp during the most recent quarter end. The investment management firm now holds 370,000 shares of Whiting Petroleum Corp which is valued at $3,274,500 , the company said in a statement filed on Oct 13, 2016 with the SEC.Whiting Petroleum Corp makes up approximately 0.53% of Viking Fund Management’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in WLL in the latest quarter, The investment management firm added 51,106 additional shares and now holds a total of 74,452 shares of Whiting Petroleum Corp which is valued at $679,747. Oregon Public Employees Retirement Fund sold out all of its stake in WLL during the most recent quarter. The investment firm sold 32,826 shares of WLL which is valued $308,893. Cutler Group Lp added WLL to its portfolio by purchasing 39,207 company shares during the most recent quarter which is valued at $368,938. Whiting Petroleum Corp makes up approx 0.02% of Cutler Group Lp’s portfolio.North Star Asset Management Inc boosted its stake in WLL in the latest quarter, The investment management firm added 45,450 additional shares and now holds a total of 219,919 shares of Whiting Petroleum Corp which is valued at $1,957,279. Whiting Petroleum Corp makes up approx 0.22% of North Star Asset Management Inc’s portfolio.

Whiting Petroleum Corp closed down -0.28 points or -2.98% at $9.13 with 1,81,03,598 shares getting traded on Tuesday. Post opening the session at $9.34, the shares hit an intraday low of $9.02 and an intraday high of $9.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. FBR & Co. Initiated Whiting Petroleum Corp on Sep 13, 2016 to “Mkt Perform”, Price Target of the shares are set at $8.FBR Capital Initiated Whiting Petroleum Corp on Sep 13, 2016 to “Mkt Perform”, Price Target of the shares are set at $8.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 .

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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