Oasis Petroleum Inc. (OAS) Position Cut by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in shares of Oasis Petroleum Inc. (NYSE:OAS) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 1,859,182 shares of the company’s stock after selling 30,883 shares during the period. Systematic Financial Management LP’s holdings in Oasis Petroleum were worth $28,148,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OAS. Public Employees Retirement System of Ohio raised its stake in Oasis Petroleum by 2,028.6% in the second quarter. Public Employees Retirement System of Ohio now owns 156,710 shares of the company’s stock valued at $1,464,000 after buying an additional 149,348 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Oasis Petroleum by 7.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 800,259 shares of the company’s stock worth $7,475,000 after buying an additional 56,374 shares during the last quarter. Amalgamated Bank raised its stake in Oasis Petroleum by 10.3% in the second quarter. Amalgamated Bank now owns 19,432 shares of the company’s stock worth $177,000 after buying an additional 1,809 shares during the last quarter. Legal & General Group Plc raised its stake in Oasis Petroleum by 222.5% in the second quarter. Legal & General Group Plc now owns 154,118 shares of the company’s stock worth $1,447,000 after buying an additional 106,325 shares during the last quarter. Finally, GLG Partners LP acquired a new stake in Oasis Petroleum during the second quarter worth $6,892,000. Institutional investors own 78.29% of the company’s stock.

Institutional Ownership by Quarter for Oasis Petroleum (NYSE:OAS)

Shares of Oasis Petroleum Inc. (NYSE:OAS) traded up 2.98% during mid-day trading on Tuesday, hitting $14.50. The stock had a trading volume of 7,738,396 shares. The stock has a 50 day moving average price of $14.76 and a 200-day moving average price of $12.15. Oasis Petroleum Inc. has a 52-week low of $4.03 and a 52-week high of $17.08. The company’s market cap is $3.43 billion.

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A number of research firms have weighed in on OAS. Mizuho lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and increased their target price for the stock from $16.55 to $17.00 in a research note on Wednesday, December 21st. Macquarie upgraded Oasis Petroleum from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $13.50 to $19.00 in a research note on Monday, January 9th. Zacks Investment Research upgraded 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 lowered 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 target on Oasis Petroleum and gave the company a “buy” rating in a research note on Wednesday, December 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.31.

About Oasis Petroleum

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.

5 Day Chart for NYSE:OAS

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).

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