Filing Watching: Oasis Petroleum Inc: John H. Scully’s Spo Advisory Corp Opened Big New Position

Filing Watching: Oasis Petroleum Inc: John H. Scully's Spo Advisory Corp Opened Big New Position

The New John H. Scully’s Spo Advisory Corp Holding in Oasis Petroleum Inc

Spo Advisory Corp filed with the SEC SC 13G form for Oasis Petroleum Inc. The form can be accessed here: 000089183616000260. As reported in John H. Scully’s Spo Advisory Corp’s form, the filler as of late owns 9.9% or 17,833,926 shares of the Energy–company.

Oasis Petroleum Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 6, 2016. We feel this shows John H. Scully’s Spo Advisory Corp’s positive view for the stock.

The hedge fund is active investor in the Energy sector. In the manager’s last 13-F, we saw 9% of John H. Scully’s Spo Advisory Corp’s US equities portfolio is in this sector.

Oasis Petroleum Inc Institutional Sentiment

Latest Security and Exchange filings show 203 investors own Oasis Petroleum Inc. The institutional ownership in Q3 2015 is very high, at 70.62% of the outstanding shares. This is decreased by 5589687 the total institutional shares. 127425676 were the shares owned by these institutional investors. In total 39 funds opened new Oasis Petroleum Inc stakes, 76 increased stakes. There were 56 that closed positions and 75 reduced them.

5 managers had the stock in their top Ten. Notable investors are: Brenham Capital Management L.P., Scepter Holdings Inc., Spo Advisory Corp..

John H. Scully Spo Advisory Corp is an institutional investor bullish on Oasis Petroleum Inc, owning 20224769 shares as of Q3 2015 for 2.97% of its portfolio. Columbia Pacific Advisors Llc owns 306434 shares or 2.72% of its portfolio. TX Caymus Capital Partners Lp have 5.35% of their stock portfolio for 3042100 shares. Further, Tph Asset Management Llc reported stake worth 2.43% of its US stock portfolio. The CT Sound Energy Partners Inc owns 290500 shares. Oasis Petroleum Inc is 5.10% of the manager’s US portfolio.

Business 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. The Company’s projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment decreased to 1.2 in 2016 Q2. Its down 0.13, from 1.33 in 2016Q1. The ratio dropped, as 40 funds sold all Oasis Petroleum Inc. shares owned while 56 reduced positions. 48 funds bought stakes while 67 increased positions. They now own 155.56 million shares or 0.09% more from 155.43 million shares in 2016Q1.

Castleark Mngmt Ltd Liability Company last reported 436,115 shares in the company. Thrivent For Lutherans has 477,490 shares for 0.02% of their US portfolio. Nationwide Fund Advisors holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 118,512 shares. Caymus Cap Prns L P has 975,000 shares for 1.36% of their US portfolio. Exane Derivatives holds 0% or 21,022 shares in its portfolio. Virginia Retirement System Et Al has 45,200 shares for 0.01% of their US portfolio. State Street Corporation reported 7.60 million shares or 0.01% of all its holdings. Marshall Wace Llp holds 0.01% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 133,213 shares. Kcg reported 100,786 shares or 0.02% of all its holdings. Ranger Invest Mngmt L P, a Texas-based fund reported 725,645 shares. Sandy Spring Comml Bank has 0% invested in the company for 200 shares. Grantham Mayo Van Otterloo & Com Ltd Liability Corp holds 34,900 shares or 0% of its portfolio. Creative Planning has 23,758 shares for 0% of their US portfolio. Jpmorgan Chase & accumulated 2,171 shares or 0% of the stock. Schwab Charles Invest, a California-based fund reported 800,259 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 3 selling transactions for $2.53 million net activity. Nusz Thomas B had sold 200,000 shares worth $1.78 million on Wednesday, August 10. Reid Taylor L also sold $235,500 worth of Oasis Petroleum Inc. (NYSE:OAS) shares.

Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on November, 1. They expect $-0.16 EPS, down 277.78% or $0.25 from last year’s $0.09 per share. After $-0.11 actual EPS reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts 45.45% negative EPS growth.

About 14.88 million shares traded hands or 29.17% up from the average. Oasis Petroleum Inc. (NYSE:OAS) has risen 75.34% since March 3, 2016 and is uptrending. It has outperformed by 66.99% the S&P500.

Oasis Petroleum Inc. is an independent exploration and production company. The company has a market cap of $2.17 billion. The Firm 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. It currently has negative earnings. The Company’s divisions 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 , 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.

Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage

Out of 23 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 10 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 43% are positive. $20 is the highest target while $3 is the lowest. The $11.42 average target is -1.89% below today’s ($11.64) stock price. Oasis Petroleum Inc. has been the topic of 69 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated the stock with “Neutral” rating in Friday, June 10 report. Jefferies upgraded it to “Buy” rating and $12 target price in Tuesday, May 10 report. The rating was downgraded by Seaport Global to “Neutral” on Tuesday, June 7. The rating was downgraded by Macquarie Research to “Neutral” on Friday, January 8. Credit Suisse initiated it with “Neutral” rating and $12 target price in Wednesday, October 28 report. Williams Capital Group initiated it with “Buy” rating and $13 target price in Monday, August 29 report. The company was reinitiated on Wednesday, July 13 by Ladenburg Thalmann. The company was maintained on Tuesday, May 10 by Topeka Capital Markets. The rating was upgraded by BMO Capital Markets to “Outperform” on Monday, August 17. On Tuesday, March 29 the stock rating was maintained by Goldman Sachs with “Neutral”.

More news for Oasis Petroleum Inc. (NYSE:OAS) were recently published by: Prnewswire.com, which released: “Oasis Petroleum Inc. Prices Upsized $275 million Public Offering of Senior …” on September 14, 2016. Seekingalpha.com‘s article titled: “Oasis Petroleum: A Step In The Right Direction” and published on September 18, 2016 is yet another important article.

According to Zacks Investment Research, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas.”

OAS Company Profile

Oasis Petroleum Inc., incorporated on February 25, 2010, is an independent exploration and production company. The Firm 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. The Company’s divisions include Exploration and Production, Well Services, and Midstream Services. The exploration and production segment is engaged in the acquisition and development of oil and natural gas properties. The well services business segment (OWS) performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA). The midstream services business segment (OMS) performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. The Firm also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).

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