Institutional Heat: Whiting Pete Corp New (WLL) Shares Declined While Fine Capital Partners LP Has Lifted Its Stake by $38.53 Million

Institutional Heat: Whiting Pete Corp New (WLL) Shares Declined While Fine Capital Partners LP Has Lifted Its Stake by $38.53 Million

Debra Fine increased its stake in Whiting Pete Corp New (WLL) by 53.86% based on its latest 2016Q3 regulatory filing with the SEC. Fine Capital Partners Lp bought 4.82M shares as the company’s stock declined 9.52% while stock markets rallied. The hedge fund run by Debra Fine held 13.76M shares of the oil & gas production company at the end of 2016Q3, valued at $120.26 million, up from 8.94 million at the end of the previous reported quarter. Fine Capital Partners Lp who had been investing in Whiting Pete Corp New for a number of months, seems to be bullish on the $3.70B market cap company. The stock is up 4.11% or $0.51 after the positive news, hitting $12.91 per share. About 8.32 million shares traded hands. Whiting Petroleum Corp (NYSE:WLL) has declined 10.47% since June 7, 2016 and is downtrending. It has underperformed by 17.89% the S&P500.

Debra Fine, manager of Fine Capital Partners uses long and short tactics when working to maintain investments. Fine Capital Partners Lp is a New York-based hedge fund that was founded by Debra Fine. It had more than $1.72 billion assets under management in March, 2014. Taken from Fine Capital Partners latest Adv, the fund reported to have 7 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment increased to 1.31 in Q3 2016. Its up 0.32, from 0.99 in 2016Q2. The ratio improved, as 61 funds sold all WLL shares owned while 65 reduced positions. 62 funds bought stakes while 103 increased positions. They now own 259.76 million shares or 26.95% more from 204.62 million shares in 2016Q2. Papp L Roy And Associates holds 0.04% of its portfolio in Whiting Petroleum Corp (NYSE:WLL) for 20,123 shares. Bartlett & Communication Lc owns 775 shares or 0% of their US portfolio. Pomelo Capital Ltd Liability Com has invested 0.01% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). South Dakota Inv Council, a South Dakota-based fund reported 593,900 shares. Par Mngmt has invested 0.42% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). Nelson Van Denburg Campbell Wealth Management Gp Ltd Co owns 325 shares or 0% of their US portfolio. Parametric Assoc Lc accumulated 638,429 shares or 0.01% of the stock. Putnam Fl Invest Management Co reported 18,930 shares or 0.02% of all its holdings. Panagora Asset Mgmt accumulated 0% or 84,521 shares. Sigma Planning Corporation accumulated 12,195 shares or 0.01% of the stock. Wolverine Asset Mngmt Limited Liability Company accumulated 0% or 3,700 shares. First Mercantile Trust Com holds 0.03% or 28,600 shares in its portfolio. Viking Fund Management Llc last reported 0.53% of its portfolio in the stock. Top Ace Asset Mgmt Limited has invested 1.4% of its portfolio in Whiting Petroleum Corp (NYSE:WLL). Paradigm Asset Management Ltd Co has 0% invested in the company for 726,900 shares.

More notable recent Whiting Petroleum Corp (NYSE:WLL) news were published by: Finance.Yahoo.com which released: “Whiting Petroleum Corporation Announces Redemption of 6.5% Senior Subordinated …” on January 03, 2017, also Businesswire.com with their article: “Whiting Petroleum Corporation Closes Sale of North Dakota Midstream Assets for …” published on January 03, 2017, Seekingalpha.com published: “Whiting Petroleum’s Excellent News” on January 07, 2017. More interesting news about Whiting Petroleum Corp (NYSE:WLL) were released by: Nasdaq.com and their article: “Commit To Purchase Whiting Petroleum Corp At $5, Earn 14% Using Options” published on December 22, 2016 as well as Seekingalpha.com‘s news article titled: “Whiting Petroleum – Over 50% Upside Possible In 2017” with publication date: January 03, 2017.

According to Zacks Investment Research, “WHITING PETROLEUM CORPORATION, a Delaware corporation, is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States. The Company trades publicly under the symbol WLL on the New York Stock Exchange.”

Whiting Petroleum Corp (NYSE:WLL) Ratings Coverage

Out of 32 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 10 rate it a “Buy”, 3 “Sell”, while 19 “Hold”. This means 31% are positive. Whiting Petroleum Corporation has been the topic of 84 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, March 11 by Iberia Capital Partners. The firm has “Buy” rating given on Thursday, December 1 by Stifel Nicolaus. As per Wednesday, March 30, the company rating was downgraded by Seaport Global. The stock of Whiting Petroleum Corp (NYSE:WLL) has “Buy” rating given on Thursday, February 25 by Cantor Fitzgerald. The stock has “Equalweight” rating given by Morgan Stanley on Friday, June 24. Seaport Global downgraded the stock to “Neutral” rating in Thursday, February 25 report. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, July 6. The stock has “Sector Perform” rating given by IBERIA on Wednesday, September 2. The company was upgraded on Monday, August 3 by Canaccord Genuity. The rating was maintained by UBS on Thursday, April 28 with “Neutral”.

WLL Company Profile

Whiting Petroleum Corporation, incorporated on July 18, 2003, is an independent gas and oil company. The Firm is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains and Permian Basin regions of the United States. The Firm operates in the segment of exploration and production of crude oil, natural gas liquid (NGLs) and natural gas. The Company’s estimated proved reserves totaled approximately 820.6 Million Barrels of Oil Equivalent (MMBOE). The Firm has interests in approximately 5,889 gross (3,177 net) productive wells on approximately 948,600 gross (593,900 net) developed acres across all its geographical areas.

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