John Scully’s SPO Advisory Raises Its Stake as This Energy Company’s Stock Keeps Falling

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However, analysts as they expect oil prices to decline further have recently downgraded the stock. Since the beginning of 2015, Citigroup has downgraded Oasis Petroleum Inc. (NYSE:OAS) to ‘Sell’ from ‘Neutral’, while Raymond James and Susquehanna downgraded it to ‘Outperform’ and ‘Neutral’ respectively. In addition, last month, Wunderlich Securities downgraded Oasis Petroleum to ‘Hold’ from ‘Buy’ and cut the price target to $13.00 from $47.00.

There is still some time required to see how SPO Advisory’s and other investors’ bets on Oasis Petroleum Inc. (NYSE:OAS) will play out, but the last round of 13F filings showed that investors are moving away from the stock. As of the end of September, 29 funds among those that we track reported long positions in the company, down by 6 over the quarter. One of the largest shareholders of the company is John Paulson’s Paulson & Co, which held 9.89 million shares as of the end of September, while other investors disclosed less significant positions. However, while Paulson inched down its position in the company, Lee Munder’s Lee Munder Capital Group raised its exposure by 80% on the quarter to 652,700 shares as of the end of September, while Clint Carlson’s Carlson Capital increased its position by 13% to 472,800 shares.

Disclosure: none

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