Hedge Funds Aren’t Crazy About Kodiak Oil & Gas Corp (USA) (KOG) Anymore

Page 1 of 2

Is it smart to be bullish on Kodiak Oil & Gas Corp (USA) (NYSE:KOG)?

To the average investor, there are plenty of metrics investors can use to analyze stocks. A duo of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the best fund managers can outclass the S&P 500 by a superb amount (see just how much).

Equally as useful, positive insider trading sentiment is another way to analyze the marketplace. There are a number of stimuli for an executive to get rid of shares of his or her company, but only one, very clear reason why they would behave bullishly. Several academic studies have demonstrated the impressive potential of this strategy if investors understand where to look (learn more here).

Thus, it’s important to analyze the recent info about Kodiak Oil & Gas Corp (USA) (NYSE:KOG).

What have hedge funds been doing with Kodiak Oil & Gas Corp (USA) (NYSE:KOG)?

Heading into Q3, a total of 19 of the hedge funds we track were bullish in this stock, a change of -14% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their stakes meaningfully.

Kodiak Oil & Gas Corp (USA) (NYSE:KOG)According to our 13F database, Ken Griffin’s Citadel Investment Group had the biggest position in Kodiak Oil & Gas Corp (USA) (NYSE:KOG), worth close to $145 million, accounting for 0.3% of its total 13F portfolio. Coming in second is John Paulson of Paulson & Co, with a $133 million position; 0.9% of its 13F portfolio is allocated to the company. Other hedgies with similar optimism include Phill Gross and Robert Atchinson’s Adage Capital Management, Jacob Doft’s Highline Capital Management and Charles Clough’s Clough Capital Partners.

Since Kodiak Oil & Gas Corp (USA) (NYSE:KOG) has experienced a fall in interest from upper-tier hedge fund managers, we can see that there exists a select few fund managers who were dropping their entire stakes last quarter. At the top of the heap, Jeffrey Vinik’s Vinik Asset Management dumped the largest investment of the 450+ funds we key on, comprising an estimated $17.3 million in stock. Louis Bacon’s fund, Moore Global Investments, also sold off its stock, about $15.5 million worth. These transactions are intriguing to say the least, as aggregate hedge fund interest dropped by 3 funds last quarter.

What do corporate executives and insiders think about Kodiak Oil & Gas Corp (USA) (NYSE:KOG)?

Insider buying made by high-level executives is best served when the primary stock in question has experienced transactions within the past six months. Over the last 180-day time period, Kodiak Oil & Gas Corp (USA) (NYSE:KOG) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also review the relationship between both of these indicators in other stocks similar to Kodiak Oil & Gas Corp (USA) (NYSE:KOG). These stocks are Pacific Drilling SA (NYSE:PACD), Pengrowth Energy Corp (USA) (NYSE:PGH), SandRidge Energy Inc. (NYSE:SD), Unit Corporation (NYSE:UNT), and EV Energy Partners, L.P. (NASDAQ:EVEP). This group of stocks belong to the oil & gas drilling & exploration industry and their market caps match KOG’s market cap.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!