American International Group Inc. cut its position in shares of WPX Energy (NYSE:WPX) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 796,569 shares of the oil and gas producer’s stock after selling 26,580 shares during the quarter. American International Group Inc. owned 0.20% of WPX Energy worth $11,773,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC raised its holdings in shares of WPX Energy by 83.1% in the fourth quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock worth $209,189,000 after acquiring an additional 6,748,268 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of WPX Energy in the fourth quarter worth $13,974,000. Mackenzie Financial Corp raised its holdings in shares of WPX Energy by 64.6% in the fourth quarter. Mackenzie Financial Corp now owns 1,831,557 shares of the oil and gas producer’s stock worth $25,770,000 after acquiring an additional 719,057 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of WPX Energy by 395.9% in the fourth quarter. First Trust Advisors LP now owns 720,633 shares of the oil and gas producer’s stock worth $10,139,000 after acquiring an additional 575,327 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of WPX Energy in the fourth quarter worth $6,360,000. 99.64% of the stock is owned by hedge funds and other institutional investors.
In other WPX Energy news, SVP Dennis C. Cameron sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $18.19, for a total transaction of $181,900.00. Following the completion of the sale, the senior vice president now owns 172,104 shares of the company’s stock, valued at $3,130,571.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stephen L. Faulkner, Jr. sold 8,100 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $18.87, for a total value of $152,847.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,100 shares of company stock valued at $2,518,797. Company insiders own 1.50% of the company’s stock.
Shares of NYSE:WPX opened at $18.85 on Friday. The firm has a market capitalization of $7.27 billion, a PE ratio of -44.88 and a beta of 2.28. The company has a quick ratio of 1.22, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. WPX Energy has a 52 week low of $18.17 and a 52 week high of $18.50.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). The business had revenue of $374.00 million during the quarter, compared to analysts’ expectations of $367.86 million. WPX Energy had a negative net margin of 17.85% and a negative return on equity of 2.99%. WPX Energy’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. research analysts anticipate that WPX Energy will post 0.01 earnings per share for the current fiscal year.
WPX has been the subject of a number of analyst reports. Cowen set a $18.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Thursday, January 18th. SunTrust Banks set a $20.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Friday, January 19th. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Sunday, January 21st. Stifel Nicolaus set a $24.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Goldman Sachs raised WPX Energy from a “buy” rating to a “conviction-buy” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. WPX Energy has a consensus rating of “Buy” and an average price target of $18.57.
About WPX Energy
WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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