Municipal Employees Retirement System of Michigan decreased its position in WPX Energy, Inc. (NYSE:WPX) by 21.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 120,330 shares of the oil and gas producer’s stock after selling 33,150 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in WPX Energy were worth $1,384,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Capital Advisors Inc. OK raised its holdings in shares of WPX Energy by 2.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 200 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in WPX Energy in the 2nd quarter worth $113,000. Financial Counselors Inc. grew its position in 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 purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in 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 purchasing an additional 1,540 shares during the last quarter. Finally, BlueMountain Capital Management LLC grew its position in WPX Energy by 39.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 4,097 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $14.00 target price on shares of WPX Energy in a research report on Wednesday, November 22nd. Stifel Nicolaus set a $17.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, October 12th. Bank of America started coverage on shares of WPX Energy in a report on Monday, October 16th. They issued a “buy” rating for the company. Finally, BMO Capital Markets set a $13.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, August 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company’s stock. WPX Energy has a consensus rating of “Buy” and an average price target of $15.92.
WPX Energy, Inc. (NYSE:WPX) remained flat at $$13.08 during mid-day trading on Monday. 6,099,739 shares of the stock traded hands, compared to its average volume of 7,400,038. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. WPX Energy, Inc. has a 1-year low of $8.39 and a 1-year high of $15.91.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to the consensus estimate of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. WPX Energy’s revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.17) earnings per share. research analysts anticipate that WPX Energy, Inc. will post -0.46 EPS for the current fiscal year.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the sale, the insider now directly owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
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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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