Dimensional Fund Advisors LP boosted its position in WPX Energy Inc (NYSE:WPX) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,068,412 shares of the oil and gas producer’s stock after purchasing an additional 308,368 shares during the quarter. Dimensional Fund Advisors LP owned about 1.27% of WPX Energy worth $58,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Capital Advisors Inc. OK increased its holdings in shares of WPX Energy by 2.0% in the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 200 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of WPX Energy in the 2nd quarter worth $113,000. Financial Counselors Inc. increased its holdings in shares of WPX Energy by 9.0% in the 2nd quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 1,540 shares during the last quarter. Finally, Commonwealth Equity Services Inc bought a new position in shares of WPX Energy in the 3rd quarter worth $137,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.
WPX has been the topic of several recent research reports. Seaport Global Securities raised shares of WPX Energy from a “sell” rating to a “neutral” rating in a report on Tuesday, December 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $14.00 target price on shares of WPX Energy in a report on Wednesday, November 22nd. Stifel Nicolaus set a $17.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, October 12th. Finally, Bank of America initiated coverage on shares of WPX Energy in a report on Monday, October 16th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $15.66.
Shares of WPX Energy Inc (NYSE WPX) opened at $14.07 on Tuesday. The firm has a market cap of $5,650.00, a price-to-earnings ratio of -28.71 and a beta of 2.47. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. WPX Energy Inc has a 12-month low of $8.39 and a 12-month high of $15.44.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) EPS. equities research analysts expect that WPX Energy Inc will post -0.46 earnings per share for the current fiscal year.
WPX Energy Company Profile
WPX Energy, Inc is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States.
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