Traders Buy Shares of WPX Energy (WPX) on Weakness

Investors bought shares of WPX Energy Inc (NYSE:WPX) on weakness during trading hours on Friday. $25.06 million flowed into the stock on the tick-up and $7.01 million flowed out of the stock on the tick-down, for a money net flow of $18.05 million into the stock. Of all stocks tracked, WPX Energy had the 31st highest net in-flow for the day. WPX Energy traded down ($0.12) for the day and closed at $13.95

WPX has been the subject of a number of research analyst reports. Citigroup raised shares of WPX Energy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday, November 16th. Robert W. Baird upped their price target on shares of WPX Energy from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Bank of America upped their price target on shares of WPX Energy from $16.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 14th. Barclays raised shares of WPX Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $14.00 in a report on Tuesday, November 7th. Finally, Stifel Nicolaus set a $19.00 price target on shares of WPX Energy and gave the company a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.45.

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 firm has a market capitalization of $5,570.00, a P/E ratio of -28.47, a P/E/G ratio of 12.51 and a beta of 2.48.

A number of hedge funds have recently bought and sold shares of WPX. MetLife Investment Advisors LLC acquired a new position in shares of WPX Energy in the 4th quarter valued at about $3,542,000. Castleark Management LLC acquired a new position in shares of WPX Energy in the 4th quarter valued at about $2,683,000. Jane Street Group LLC increased its holdings in shares of WPX Energy by 109.2% in the 4th quarter. Jane Street Group LLC now owns 89,509 shares of the oil and gas producer’s stock valued at $1,259,000 after purchasing an additional 46,723 shares during the period. LPL Financial LLC increased its holdings in shares of WPX Energy by 10.9% in the 4th quarter. LPL Financial LLC now owns 88,282 shares of the oil and gas producer’s stock valued at $1,242,000 after purchasing an additional 8,707 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of WPX Energy by 83.1% in the 4th quarter. Millennium Management LLC now owns 14,867,732 shares of the oil and gas producer’s stock valued at $209,189,000 after purchasing an additional 6,748,268 shares during the period. 99.89% of the stock is owned by institutional investors.

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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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