Investec Asset Management North America Inc. reduced its position in shares of Oasis Petroleum Inc. (NYSE:OAS) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,346 shares of the company’s stock after selling 2,735 shares during the period. Investec Asset Management North America Inc. owned about 0.09% of Oasis Petroleum worth $3,291,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. CSS LLC IL acquired a new stake in Oasis Petroleum during the third quarter worth $115,000. Usca Ria LLC purchased a new position in shares of Oasis Petroleum during the third quarter worth about $118,000. IFP Advisors Inc boosted its position in shares of Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock worth $101,000 after buying an additional 100 shares during the period. Stephens Inc. AR boosted its position in shares of Oasis Petroleum by 17.0% in the third quarter. Stephens Inc. AR now owns 11,700 shares of the company’s stock worth $134,000 after buying an additional 1,700 shares during the period. Finally, Stevens Capital Management LP purchased a new position in shares of Oasis Petroleum during the third quarter worth about $135,000. Institutional investors own 77.51% of the company’s stock.
Shares of Oasis Petroleum Inc. (NYSE:OAS) traded up 1.13% during mid-day trading on Friday, hitting $14.30. 5,637,770 shares of the company were exchanged. The company’s market capitalization is $3.38 billion. Oasis Petroleum Inc. has a 52 week low of $4.21 and a 52 week high of $17.08. The company has a 50 day moving average of $14.81 and a 200 day moving average of $12.04.
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A number of brokerages recently issued reports on OAS. Mizuho cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $16.55 to $17.00 in a research note on Wednesday, December 21st. Macquarie raised shares of Oasis Petroleum from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $13.50 to $19.00 in a research note on Monday, January 9th. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, December 29th. Seaport Global Securities cut shares of Oasis Petroleum from an “accumulate” rating to a “neutral” rating in a research note on Friday, December 9th. Finally, KLR Group set a $22.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.31.
Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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