JPMorgan Chase & Co. raised its stake in WPX Energy Inc (NYSE:WPX) by 21.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,374,526 shares of the oil and gas producer’s stock after acquiring an additional 238,646 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of WPX Energy worth $15,779,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK increased its stake in WPX Energy by 2.0% in the second 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 during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in WPX Energy in the second quarter valued at $113,000. Financial Counselors Inc. increased its stake in WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Commonwealth Equity Services Inc acquired a new position in WPX Energy in the third quarter valued at $137,000. 99.78% of the stock is owned by institutional investors.
WPX Energy Inc (NYSE WPX) traded up $0.55 during mid-day trading on Thursday, reaching $14.95. The company’s stock had a trading volume of 5,856,100 shares, compared to its average volume of 5,193,311. WPX Energy Inc has a 1 year low of $8.39 and a 1 year high of $15.11. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.95 and a current ratio of 1.02. The stock has a market capitalization of $5,950.00, a P/E ratio of -30.51, a PEG ratio of 10.00 and a beta of 2.46.
WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share for the quarter, topping 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 company had revenue of $224.00 million during the quarter, compared to the consensus estimate of $334.38 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. The company’s revenue was down 10.8% compared to the same quarter last year. equities analysts predict that WPX Energy Inc will post -0.46 earnings per share for the current fiscal year.
Several equities analysts recently commented on WPX shares. Citigroup upgraded WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 16th. Bank of America upped their target price on WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Thursday, October 12th. BMO Capital Markets set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $17.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.82.
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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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