Kessler Investment Group LLC cut its holdings in shares of Oasis Petroleum Inc. (NYSE:OAS) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,508 shares of the energy producer’s stock after selling 2,500 shares during the quarter. Kessler Investment Group LLC’s holdings in Oasis Petroleum were worth $97,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of OAS. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Oasis Petroleum during the 3rd quarter valued at approximately $157,000. Cornerstone Wealth Management LLC increased its holdings in shares of Oasis Petroleum by 96.9% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 18,268 shares of the energy producer’s stock valued at $2,167,000 after purchasing an additional 8,990 shares in the last quarter. Cpwm LLC purchased a new position in shares of Oasis Petroleum during the 3rd quarter valued at approximately $306,000. Commonwealth Bank of Australia purchased a new position in shares of Oasis Petroleum during the 3rd quarter valued at approximately $323,000. Finally, Tower Research Capital LLC TRC grew its stake in Oasis Petroleum by 32.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 23,405 shares of the energy producer’s stock valued at $303,000 after acquiring an additional 5,794 shares during the period. 97.42% of the stock is owned by institutional investors.
In other news, insider Taylor L. Reid sold 30,000 shares of Oasis Petroleum stock in a transaction on Monday, November 19th. The stock was sold at an average price of $8.04, for a total transaction of $241,200.00. Following the transaction, the insider now owns 1,216,576 shares in the company, valued at approximately $9,781,271.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.
OAS traded down $0.16 on Friday, hitting $6.43. 222,893 shares of the company’s stock were exchanged, compared to its average volume of 11,187,666. Oasis Petroleum Inc. has a fifty-two week low of $4.74 and a fifty-two week high of $14.57. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 0.72. The stock has a market cap of $2.09 billion, a PE ratio of 320.50, a price-to-earnings-growth ratio of 0.65 and a beta of 2.21.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Monday, November 5th. The energy producer reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The business had revenue of $546.50 million for the quarter, compared to analyst estimates of $455.65 million. The firm’s revenue was up 79.4% on a year-over-year basis. As a group, research analysts anticipate that Oasis Petroleum Inc. will post 0.38 earnings per share for the current year.
OAS has been the topic of a number of research analyst reports. Piper Jaffray Companies reissued an “overweight” rating on shares of Oasis Petroleum in a research note on Friday, September 28th. Wolfe Research raised shares of Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 17th. Jefferies Financial Group raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Monday, October 15th. Williams Capital set a $17.00 price target on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 6th. Finally, Morgan Stanley dropped their price target on shares of Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, September 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.95.
Oasis Petroleum Company Profile
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.
Featured Article: What is Liquidity?
Want to see what other hedge funds are holding OAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oasis Petroleum Inc. (NYSE:OAS).