Stevens Capital Management LP lifted its holdings in shares of WPX Energy Inc (NYSE:WPX) by 140.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 316,147 shares of the oil and gas producer’s stock after purchasing an additional 184,621 shares during the quarter. Stevens Capital Management LP’s holdings in WPX Energy were worth $4,145,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of WPX Energy during the fourth quarter worth about $52,591,000. Yaupon Capital Management LP purchased a new stake in shares of WPX Energy during the fourth quarter worth approximately $6,735,000. RMB Capital Management LLC increased its stake in shares of WPX Energy by 235.6% during the fourth quarter. RMB Capital Management LLC now owns 274,980 shares of the oil and gas producer’s stock worth $3,121,000 after buying an additional 193,054 shares during the period. Vanguard Group Inc increased its stake in shares of WPX Energy by 5.3% during the third quarter. Vanguard Group Inc now owns 36,939,299 shares of the oil and gas producer’s stock worth $743,219,000 after buying an additional 1,847,610 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of WPX Energy by 12.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 52,467 shares of the oil and gas producer’s stock worth $596,000 after buying an additional 5,725 shares during the period. 96.43% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on WPX. Mizuho restated a “hold” rating and set a $14.00 target price on shares of WPX Energy in a research note on Thursday, February 21st. ValuEngine lowered shares of WPX Energy from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 9th. TD Securities cut their target price on shares of WPX Energy from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, February 22nd. Finally, Northland Securities restated a “buy” rating and set a $20.00 target price on shares of WPX Energy in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.78.
Shares of WPX Energy stock opened at $12.50 on Friday. The company has a market capitalization of $5.26 billion, a price-to-earnings ratio of 138.89, a P/E/G ratio of 1.04 and a beta of 2.31. WPX Energy Inc has a 52 week low of $9.89 and a 52 week high of $20.80. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.70.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $359.00 million for the quarter, compared to analyst estimates of $547.79 million. WPX Energy had a net margin of 9.50% and a return on equity of 2.15%. The firm’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. Analysts anticipate that WPX Energy Inc will post 0.43 EPS for the current fiscal year.
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WPX Energy Company Profile
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 operates 657 wells and owns interests in 808 wells covering an area of approximately 130,000 net acres located in Delaware Basin, Texas and New Mexico; and operates 323 wells and owns interests in 87 wells that covers an area of approximately 85,087 net acres situated in the Williston Basin, North Dakota.
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