Picton Mahoney Asset Management decreased its holdings in shares of WPX Energy Inc (NYSE:WPX) by 97.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,500 shares of the oil and gas producer’s stock after selling 525,360 shares during the period. Picton Mahoney Asset Management’s holdings in WPX Energy were worth $154,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan lifted its stake in WPX Energy by 1.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 73,070 shares of the oil and gas producer’s stock worth $841,000 after purchasing an additional 1,050 shares during the period. AGF Investments America Inc. grew its position in WPX Energy by 1.9% during the 2nd quarter. AGF Investments America Inc. now owns 58,143 shares of the oil and gas producer’s stock valued at $669,000 after purchasing an additional 1,057 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in WPX Energy by 7.3% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 17,178 shares of the oil and gas producer’s stock valued at $198,000 after purchasing an additional 1,171 shares during the last quarter. Berman Capital Advisors LLC grew its position in WPX Energy by 9.4% during the 2nd quarter. Berman Capital Advisors LLC now owns 15,776 shares of the oil and gas producer’s stock valued at $176,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in WPX Energy by 7.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,982 shares of the oil and gas producer’s stock valued at $275,000 after purchasing an additional 1,873 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.
NYSE WPX traded up $0.24 during trading hours on Thursday, reaching $10.65. The stock had a trading volume of 322,230 shares, compared to its average volume of 7,332,679. The stock has a fifty day moving average of $10.23 and a 200 day moving average of $11.00. The stock has a market cap of $4.33 billion, a P/E ratio of 118.28, a price-to-earnings-growth ratio of 1.12 and a beta of 2.15. WPX Energy Inc has a 52-week low of $8.79 and a 52-week high of $16.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.83 and a current ratio of 0.88.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). WPX Energy had a net margin of 25.50% and a return on equity of 2.39%. The firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $623.75 million. During the same period in the prior year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 64.3% compared to the same quarter last year. On average, equities research analysts forecast that WPX Energy Inc will post 0.34 EPS for the current year.
Several analysts recently commented on the stock. Williams Capital reissued a “buy” rating and set a $18.00 price objective on shares of WPX Energy in a research report on Tuesday, August 6th. KeyCorp decreased their target price on shares of WPX Energy from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Cfra restated a “buy” rating and set a $11.00 target price on shares of WPX Energy in a research note on Wednesday, September 25th. Guggenheim set a $18.00 target price on shares of WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Citigroup decreased 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 Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $16.69.
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 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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