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Whiting Petroleum Corporation (WLL) Showing Signs Of Heavy Institutional Buying?

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Whiting Petroleum Corporation (NYSE:WLL) produced a 52.69% rally since recording the worst price of $18.37. Thanks to the latest -0.39% decrease, it now trades at $28.05. Throughout the trading on 01/29/2019, the share price floated between $28.04 and $28.92. This company shares are 47.31% off its target price of $41.32 and the current market capitalization stands at $2.55B. The recent change has given its price a 1.49% lead over SMA 50 and -50.33% deficit over its 52-week high. The stock witnessed 24.12% gains, -23.23% declines and -41.46% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WLL’s volatility during a week at 4.46% and during a month it has been found around 5.09%.

Whiting Petroleum Corporation (WLL) Top Holders

Institutional investors currently hold around $2.43 billion or 98.1% in WLL stock. Look at its top three institutional owners. Fmr Llc owns $384.24 million in Whiting Petroleum Corporation, which represents roughly 15.07% of the company’s market cap and approximately 15.85% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 9,462,009 shares of the stock are valued at $266.45 million. The third largest holder is Hotchkis & Wiley Capital Management Llc, which currently holds $167.3 million worth of this stock and that ownership represents nearly 6.56% of its market capitalization.

Whiting Petroleum Corporation 13F Filings

At the end of September reporting period, 136 institutional holders increased their position in Whiting Petroleum Corporation (NYSE:WLL) by some 8,865,441 shares, 170 decreased positions by 10,106,842 and 51 held positions by 67,142,558. That puts total institutional holdings at 86,114,841 shares, according to SEC filings. The stock grabbed 50 new institutional investments totaling 2,884,820 shares while 56 institutional investors sold out their entire positions totaling 3,145,860 shares.

Whiting Petroleum Corporation (NYSE:WLL) Insider Trades

Multiple company employees have indulged in significant insider trading. Whiting Petroleum Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Hahne William N has sold 2,300 shares of Whiting Petroleum Corporation (WLL) in trading session dated Nov. 07, 2018. These shares are worth $84,755 and were traded at $36.85 each. The SEC filing shows that Stevens Michael J performed a sale of 12,476 shares. The SVP and CFO disposed these shares by way of transaction on Oct. 01, 2018. The company’s shares were given away at $55.04 per share worth to an income of some $686,679 on account of Stevens Michael J.

Senior Vice President, Ross Rick A Mr., sold 2,079 common shares of Whiting Petroleum Corporation (WLL) in the open market. In a transaction dated Oct. 01, 2018, the shares were put up for sale at an average price of $55.01, raking in a sum of $114,366. After this sale, 71,457 common shares of WLL are directly owned by the insider, with total stake valued at $2,004,369.

In the transaction dated Sep. 06, 2018, the great number of shares disposed came courtesy the Director; Catlin James E disposed a total of 8,626 shares at an average price of $50.5, amounting to approximately $435,613. The insider now directly owns 72,413 shares worth $2,031,185.

Whiting Petroleum Corporation (WLL) Analyst Guide

Several analysts have released their opinion on Whiting Petroleum Corporation (NYSE:WLL), with 8 analysts believing it is a strong buy. Whereas 14 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.21 average brokerage recommendation.

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