Extraction Oil & Gas Inc (NASDAQ:XOG) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System reduced its holdings in shares of Extraction Oil & Gas Inc (NASDAQ:XOG) by 9.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201,082 shares of the energy company’s stock after selling 20,592 shares during the period. California State Teachers Retirement System owned about 0.12% of Extraction Oil & Gas worth $3,095,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Extraction Oil & Gas by 16.4% during the second quarter. BlackRock Inc. now owns 11,434,469 shares of the energy company’s stock worth $153,792,000 after buying an additional 1,612,047 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Extraction Oil & Gas by 87.8% during the second quarter. Vanguard Group Inc. now owns 7,787,620 shares of the energy company’s stock worth $104,744,000 after buying an additional 3,641,505 shares during the last quarter. Capital World Investors raised its stake in shares of Extraction Oil & Gas by 25.3% during the second quarter. Capital World Investors now owns 5,216,000 shares of the energy company’s stock worth $70,155,000 after buying an additional 1,052,900 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Extraction Oil & Gas by 16,446.9% during the third quarter. Citadel Advisors LLC now owns 3,071,274 shares of the energy company’s stock worth $47,267,000 after buying an additional 3,052,713 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Extraction Oil & Gas by 46.0% during the second quarter. State Street Corp now owns 2,631,506 shares of the energy company’s stock worth $35,393,000 after buying an additional 829,547 shares during the last quarter. Institutional investors and hedge funds own 89.17% of the company’s stock.

A number of research analysts recently issued reports on XOG shares. Imperial Capital assumed coverage on shares of Extraction Oil & Gas in a report on Wednesday, November 15th. They set an “outperform” rating and a $20.00 price objective for the company. SunTrust Banks set a $21.00 price target on shares of Extraction Oil & Gas and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Extraction Oil & Gas from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. Credit Suisse Group initiated coverage on shares of Extraction Oil & Gas in a research report on Monday, December 11th. They issued an “outperform” rating and a $19.00 price objective on the stock. Finally, Williams Capital set a $21.00 price target on shares of Extraction Oil & Gas and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.50.

In related news, insider Matthew R. Owens sold 400,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $14.81, for a total value of $5,924,000.00. Following the completion of the transaction, the insider now owns 1,081,051 shares in the company, valued at approximately $16,010,365.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 6.70% of the company’s stock.

Extraction Oil & Gas Inc (NASDAQ:XOG) opened at $14.41 on Thursday. The company has a market cap of $2,358.77, a PE ratio of -8.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.97 and a quick ratio of 0.92. Extraction Oil & Gas Inc has a one year low of $11.31 and a one year high of $20.00.

Extraction Oil & Gas (NASDAQ:XOG) last announced its quarterly earnings data on Tuesday, November 7th. The energy company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Extraction Oil & Gas had a negative return on equity of 14.60% and a negative net margin of 53.50%.

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Extraction Oil & Gas Profile

Extraction Oil & Gas, Inc, formerly Extraction Oil & Gas, LLC, is an energy company. It is focused on the acquisition, development and production of oil, natural gas and natural gas liquids (NGL) reserves in the Rocky Mountains, primarily in the Wattenberg Field of the Denver-Julesburg Basin (the DJ Basin) of Colorado.

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

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