Sailingstone Capital Partners Lowers stake in Advantage Oil & Gas Ltd (USA) (AAV)

Advantage Oil & Gas Ltd (USA) (AAV) : Sailingstone Capital Partners reduced its stake in Advantage Oil & Gas Ltd (USA) by 2.48% during the most recent quarter end. The investment management company now holds a total of 8,674,191 shares of Advantage Oil & Gas Ltd (USA) which is valued at $59,591,692 after selling 220,390 shares in Advantage Oil & Gas Ltd (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Advantage Oil & Gas Ltd (USA) makes up approximately 1.27% of Sailingstone Capital Partners’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp sold out all of its stake in AAV during the most recent quarter. The investment firm sold 22,711 shares of AAV which is valued $156,025. Wfg Advisors Lp sold out all of its stake in AAV during the most recent quarter. The investment firm sold 204 shares of AAV which is valued $1,401.Agf Investments boosted its stake in AAV in the latest quarter, The investment management firm added 965 additional shares and now holds a total of 690,863 shares of Advantage Oil & Gas Ltd (USA) which is valued at $4,400,797. Advantage Oil & Gas Ltd (USA) makes up approx 0.05% of Agf Investments’s portfolio.Highstreet Asset Management boosted its stake in AAV in the latest quarter, The investment management firm added 8,129 additional shares and now holds a total of 9,286 shares of Advantage Oil & Gas Ltd (USA) which is valued at $60,916. Advantage Oil & Gas Ltd (USA) makes up approx 0.02% of Highstreet Asset Management’s portfolio.

Advantage Oil & Gas Ltd (USA) opened for trading at $6.75 and hit $6.89 on the upside on Thursday, eventually ending the session at $6.85, with a gain of 0.29% or 0.02 points. The heightened volatility saw the trading volume jump to 57,787 shares. Company has a market cap of $1,264 M.

On the company’s financial health, Advantage Oil & Gas Ltd (USA) reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.02.Analysts expectations of $ 41.67.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Advantage Oil & Gas Ltd (USA). Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 11 from a previous price target of $9 .

Advantage Oil & Gas Ltd is a Canada-based intermediate natural gas and liquids development and production company. It is focused on development and growth of its Montney natural gas resource play at Glacier Alberta. Its production at Glacier is 135 millions of cubic feet equivalent per day. The Glacier property consists of 82 gross (76 net) sections of land with Doig/Montney interests. It has drilled and completed approximately 137 gross (127.5 net) horizontal wells at the Glacier property in either the Triassic Montney or Doig formation siltstones. In addition two vertical wells drilled into the underlying Belloy Formation are used for acid gas disposal and two vertical wells are used as service wells that support its water disposal system. It drilled approximately 38 gross (38 net) horizontal wells in the Montney and Lower Doig formations. It owns and operates a 100% working interest gas plant located at 5-02-76-12W6.

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