Here is What Hedge Funds Think about Oasis Petroleum Inc. (OAS)

Seeing as Oasis Petroleum Inc. (NYSE:OAS) has faced falling interest from the entirety of the hedge funds we track, logic holds that there is a sect of money managers that elected to cut their positions entirely last quarter. It’s worth mentioning that John Labanowski’s Brenham Capital Management sold off the biggest position of all the hedgies watched by Insider Monkey, totaling about $48.6 million in stock. Anand Parekh’s fund, Alyeska Investment Group, also dumped its stock, about $21.4 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Oasis Petroleum Inc. (NYSE:OAS) but similarly valued. These stocks are Main Street Capital Corporation (NYSE:MAIN), Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO), WD-40 Company (NASDAQ:WDFC), and IAMGOLD Corporation (USA) (NYSE:IAG). This group of stocks’ market values match OAS’s market value.

As you can see these stocks had an average of 14 investors with bullish positions and the average amount invested in these stocks was $124 million. That figure was $639 million in OAS’s case. Silicon Motion Technology Corp. (ADR) (NASDAQ:SIMO) is the most popular stock in this table. On the other hand Main Street Capital Corporation (NYSE:MAIN) is the least popular one with only eight funds reporting long positions as of the end of September. Compared to these stocks Oasis Petroleum Inc. (NYSE:OAS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.