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Oasis Petroleum Inc. (OAS) Stock: This Hedge Fund Just Acquired Over 10 Million Shares

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Dmitry Balyasny‘s Balyasny Asset Management has made a huge move into Oasis Petroleum Inc. (NYSE:OAS) as reported in a 13G filing released today. Balyasny’s hedge fund now owns 13.75 million Oasis shares, up from just 3.58 million shares held as of June 30. The fund’s current stake would be the second-largest held by an institutional investor as of their June 30 positions, trailing only John Scully‘s SPO Advisory Corp, which held a 19.91 million-share stake at the end of June.

Although the filing doesn’t disclose when the shares were bought, the date of event of October 18 is the same day that Oasis Petroleum Inc. (NYSE:OAS) announced that it would sell 48 million shares in a spot secondary offering. It was a good time for an offering, as Oasis shares have surged closer to their 52-week highs in the last month as crude futures have risen above $50 per barrel. That was a busy day for Oasis, as it also announced the acquisition of 55,000 net acres in the Williston Basin from SM Energy Co (NYSE:SM) for approximately $785 million. Oasis has been upgraded by several analysts since October 18, including Piper Jaffray, which raised its rating on Oasis to ‘Overweight’ from ‘Neutral’ and raised its price target on the company’s shares to $16 from $14.

Dmitry Balyasny

Oasis Petroleum Inc. (NYSE:OAS) was held by 33 of the hedge funds in our database on June 30, including Balyasny and SPO, up from 29 funds on March 31. Those 33 funds were very overweight the stock, owning 32.20% of its shares in aggregate. Other Oasis shareholders in our system on June 30 included John Paulson’s Paulson & Co (5.29 million shares), John Labanowski’s Brenham Capital (5.2 million shares), and Shashin Shah’s Think Investments (4.69 million shares).

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Atlas Master Fund, Ltd 1,263,995 1,263,995 1,263,995 0.55%
Atlas Global 1,263,995 1,263,995 1,263,995 0.55%
Atlas Global Investments, Ltd 1,263,995 1,263,995 1,263,995 0.55%
Atlas Institutional Fund 1,263,995 1,263,995 1,263,995 0.55%
Atlas Institutional Fund, Ltd 1,263,995 1,263,995 1,263,995 0.55%
Atlas Global Japan Unit Trust 1,263,995 1,263,995 1,263,995 0.55%
Atlas Enhanced Master Fund, Ltd 7,302,207 7,302,207 7,302,207 3.19%
Atlas Enhanced Fund 7,302,207 7,302,207 7,302,207 3.19%
Atlas Enhanced Fund, Ltd 7,302,207 7,302,207 7,302,207 3.19%
Atlas Fundamental Trading Master Fund, Ltd 419,952 419,952 419,952 0.18%
Atlas Fundamental Trading Fund, Ltd 419,952 419,952 419,952 0.18%
Atlas Fundamental Trading Fund 419,952 419,952 419,952 0.18%
BAM Zie Master Fund, Ltd 4,754,012 4,754,012 4,754,012 2.07%
BAM Zie Fund 4,754,012 4,754,012 4,754,012 2.07%
BAM Zie Fund, Ltd 4,754,012 4,754,012 4,754,012 2.07%
Atlas Quantitative Trading Fund, Ltd 14,500 14,500 14,500 0.01%
Balyasny Asset Management 13,754,666 13,754,666 13,754,666 6.00%
Dmitry Balyasny 13,754,666 13,754,666 13,754,666 6.00%
Dmitry Balyasny
Dmitry Balyasny
Balyasny Asset Management

Page 1 of 37 – SEC Filing

    SECURITIES
AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

SCHEDULE 13G

Under the
Securities Exchange Act of 1934

 

 

 

OASIS PETROLEUM INC.

(Name of Issuer)

COMMON
STOCK

(Title of Class of Securities)

674215108

(CUSIP Number)

October 18, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)

The information required on the remainder of this cover page shall not be deemed to be
filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the
Notes).

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