Schroder Investment Management Group lifted its holdings in WPX Energy, Inc. (NYSE:WPX) by 31.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,927,805 shares of the oil and gas producer’s stock after purchasing an additional 457,260 shares during the quarter. Schroder Investment Management Group owned about 0.48% of WPX Energy worth $22,131,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of WPX. Capstone Asset Management Co. lifted its position in WPX Energy by 4.7% during the 2nd quarter. Capstone Asset Management Co. now owns 31,000 shares of the oil and gas producer’s stock worth $299,000 after acquiring an additional 1,400 shares during the period. Aperio Group LLC lifted its position in WPX Energy by 8.0% during the 2nd quarter. Aperio Group LLC now owns 71,247 shares of the oil and gas producer’s stock worth $688,000 after acquiring an additional 5,247 shares during the period. Russell Investments Group Ltd. lifted its position in WPX Energy by 36.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 404,917 shares of the oil and gas producer’s stock worth $3,912,000 after acquiring an additional 108,875 shares during the period. Public Employees Retirement Association of Colorado lifted its position in WPX Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after acquiring an additional 264 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in WPX Energy by 1.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 242,050 shares of the oil and gas producer’s stock worth $2,335,000 after acquiring an additional 4,356 shares during the period. 99.81% of the stock is owned by institutional investors.
Shares of WPX Energy, Inc. (WPX) remained flat at $$13.08 during trading on Tuesday. 6,099,700 shares of the stock traded hands, compared to its average volume of 7,400,038. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. WPX Energy, Inc. has a fifty-two week low of $8.39 and a fifty-two week high of $15.91.
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. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm had revenue of $224.00 million during the quarter, compared to analyst estimates of $334.38 million. During the same quarter in the previous year, the business earned ($0.17) EPS. WPX Energy’s revenue for the quarter was down 10.8% compared to the same quarter last year. research analysts forecast that WPX Energy, Inc. will post -0.46 earnings per share for the current year.
In related news, insider Clay M. Gaspar sold 35,000 shares of WPX Energy stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the transaction, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies reissued a “hold” rating and issued a $14.00 price objective on shares of WPX Energy in a report on Wednesday, November 22nd. Citigroup raised WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, November 16th. Bank of America boosted their price objective on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Barclays raised WPX Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $16.00 price objective on shares of WPX Energy in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $15.92.
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WPX Energy 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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