Bamco Inc. NY lowered its position in WPX Energy Inc (NYSE:WPX) by 49.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,500 shares of the oil and gas producer’s stock after selling 90,000 shares during the quarter. Bamco Inc. NY’s holdings in WPX Energy were worth $1,041,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of WPX Energy by 1.2% during the second quarter. Vanguard Group Inc. now owns 33,553,898 shares of the oil and gas producer’s stock valued at $324,132,000 after acquiring an additional 412,663 shares during the last quarter. BlackRock Inc. boosted its stake in shares of WPX Energy by 0.6% during the second quarter. BlackRock Inc. now owns 32,391,197 shares of the oil and gas producer’s stock valued at $312,901,000 after acquiring an additional 188,749 shares during the last quarter. State Street Corp boosted its stake in shares of WPX Energy by 9.5% during the second quarter. State Street Corp now owns 14,691,763 shares of the oil and gas producer’s stock valued at $141,921,000 after acquiring an additional 1,272,719 shares during the last quarter. FMR LLC boosted its stake in shares of WPX Energy by 22.1% during the second quarter. FMR LLC now owns 12,390,649 shares of the oil and gas producer’s stock valued at $119,693,000 after acquiring an additional 2,244,508 shares during the last quarter. Finally, Shapiro Capital Management LLC boosted its stake in shares of WPX Energy by 1.5% during the second quarter. Shapiro Capital Management LLC now owns 12,297,864 shares of the oil and gas producer’s stock valued at $118,797,000 after acquiring an additional 177,625 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.
A number of research firms recently commented on WPX. Northland Securities set a $17.00 price objective on WPX Energy and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group began coverage on WPX Energy in a research note on Monday. They set an “outperform” rating and a $15.00 price objective on the stock. BidaskClub lowered WPX Energy from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. SunTrust Banks set a $14.00 price target on WPX Energy and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Seaport Global Securities reissued a “sell” rating and issued a $8.00 price target (up from $7.00) on shares of WPX Energy in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $15.61.
WPX Energy Inc (NYSE:WPX) traded up $0.08 during midday trading on Friday, hitting $12.49. The stock had a trading volume of 5,439,700 shares, compared to its average volume of 7,332,160. WPX Energy Inc has a fifty-two week low of $8.39 and a fifty-two week high of $15.44. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The company’s revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.17) EPS. sell-side analysts expect that WPX Energy Inc will post -0.46 EPS for the current fiscal year.
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About WPX Energy
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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