Paloma Partners Management Co decreased its stake in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 62.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,146 shares of the energy company’s stock after selling 132,615 shares during the quarter. Paloma Partners Management Co’s holdings in Extraction Oil & Gas were worth $1,148,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. FMR LLC increased its holdings in Extraction Oil & Gas by 38.2% during the 2nd quarter. FMR LLC now owns 13,372,996 shares of the energy company’s stock worth $196,450,000 after purchasing an additional 3,697,918 shares during the period. BlackRock Inc. increased its holdings in shares of Extraction Oil & Gas by 0.3% in the 1st quarter. BlackRock Inc. now owns 13,042,511 shares of the energy company’s stock valued at $149,467,000 after acquiring an additional 33,221 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Extraction Oil & Gas by 131.8% in the 1st quarter. Point72 Asset Management L.P. now owns 4,657,889 shares of the energy company’s stock valued at $53,379,000 after acquiring an additional 2,648,070 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Extraction Oil & Gas by 100.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,439 shares of the energy company’s stock valued at $50,878,000 after acquiring an additional 1,738,601 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Extraction Oil & Gas in the 2nd quarter valued at about $31,730,000. Institutional investors own 92.33% of the company’s stock.

A number of research analysts have recently commented on XOG shares. BidaskClub downgraded Extraction Oil & Gas from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th. ValuEngine upgraded Extraction Oil & Gas from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Jefferies Financial Group set a $16.00 price objective on Extraction Oil & Gas and gave the company a “hold” rating in a report on Friday, July 13th. BMO Capital Markets reiterated a “buy” rating and issued a $17.00 price objective on shares of Extraction Oil & Gas in a report on Monday, August 13th. Finally, Macquarie downgraded Extraction Oil & Gas from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Extraction Oil & Gas presently has an average rating of “Buy” and a consensus price target of $19.33.

Shares of NASDAQ XOG opened at $10.31 on Tuesday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 343.67 and a beta of 0.82. The company has a quick ratio of 0.37, a current ratio of 0.41 and a debt-to-equity ratio of 0.83. Extraction Oil & Gas Inc has a 52-week low of $10.04 and a 52-week high of $17.42.

Extraction Oil & Gas (NASDAQ:XOG) last announced its earnings results on Tuesday, August 7th. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The firm had revenue of $260.20 million during the quarter, compared to analyst estimates of $234.15 million. Extraction Oil & Gas had a negative net margin of 11.69% and a positive return on equity of 0.82%. research analysts forecast that Extraction Oil & Gas Inc will post 0.52 earnings per share for the current fiscal year.

Extraction Oil & Gas Company Profile

Extraction Oil & Gas, Inc, an independent oil and gas company, focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region, primarily in the Wattenberg Field of the Denver-Julesburg (DJ) Basin of Colorado. As of December 31, 2017, it had approximately 171,400 net acres of contiguous acreage blocks in the productive areas of the DJ Basin; held approximately 183,300 net acres outside of the Core DJ Basin; had estimated proved reserves of approximately 292.7 MMBoe; and had 1,300 gross producing wells.

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Institutional Ownership by Quarter for Extraction Oil & Gas (NASDAQ:XOG)

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