Is Whiting Petroleum Corp (NYSE:WLL) Going to Burn These Hedge Funds?

Is Whiting Petroleum Corp (NYSE:WLL) worth your attention right now? The best stock pickers are in a bearish mood. The number of bullish hedge fund positions were trimmed by 3 recently.

If you’d ask most stock holders, hedge funds are perceived as underperforming, outdated financial vehicles of years past. While there are greater than 8000 funds with their doors open at present, we at Insider Monkey hone in on the aristocrats of this club, close to 450 funds. It is estimated that this group controls most of the smart money’s total asset base, and by paying attention to their best picks, we have brought to light a number of investment strategies that have historically outperformed the S&P 500 index. Our small-cap hedge fund strategy beat the S&P 500 index by 18 percentage points a year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outclassed the S&P 500 index by 25 percentage points in 6.5 month (see the details here).

Whiting Petroleum Corp (NYSE:WLL)

Equally as important, optimistic insider trading activity is a second way to break down the investments you’re interested in. There are a variety of motivations for an executive to sell shares of his or her company, but just one, very simple reason why they would behave bullishly. Many empirical studies have demonstrated the useful potential of this tactic if you understand where to look (learn more here).

With these “truths” under our belt, it’s important to take a look at the latest action encompassing Whiting Petroleum Corp (NYSE:WLL).

What have hedge funds been doing with Whiting Petroleum Corp (NYSE:WLL)?

Heading into 2013, a total of 25 of the hedge funds we track were long in this stock, a change of -11% from the third quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings meaningfully.

According to our comprehensive database, Ken Griffin’s Citadel Investment Group had the biggest position in Whiting Petroleum Corp (NYSE:WLL), worth close to $101 million billion, comprising 0.2% of its total 13F portfolio. The second largest stake is held by Balyasny Asset Management, managed by Dmitry Balyasny, which held a $100 million position; the fund has 2.7% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Thomas E. Claugus’s GMT Capital, Wayne Cooperman’s Cobalt Capital Management and Alec Litowitz and Ross Laser’s Magnetar Capital.

Due to the fact that Whiting Petroleum Corp (NYSE:WLL) has witnessed bearish sentiment from the entirety of the hedge funds we track, it’s easy to see that there lies a certain “tier” of fund managers who sold off their full holdings in Q4. It’s worth mentioning that Chuck Royce’s Royce & Associates dropped the largest investment of the 450+ funds we track, worth close to $13 million in stock.. SAC Subsidiary’s fund, Sigma Capital Management, also dumped its stock, about $13 million worth. These bearish behaviors are important to note, as total hedge fund interest was cut by 3 funds in Q4.

How have insiders been trading Whiting Petroleum Corp (NYSE:WLL)?

Insider trading activity, especially when it’s bullish, is most useful when the company in question has seen transactions within the past 180 days. Over the last six-month time period, Whiting Petroleum Corp (NYSE:WLL) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

With the returns demonstrated by the aforementioned tactics, everyday investors must always keep an eye on hedge fund and insider trading sentiment, and Whiting Petroleum Corp (NYSE:WLL) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!