Perella Weinberg Partners Capital Management LP cut its position in WPX Energy Inc (NYSE:WPX) by 10.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,056,136 shares of the oil and gas producer’s stock after selling 245,662 shares during the period. WPX Energy comprises about 1.9% of Perella Weinberg Partners Capital Management LP’s portfolio, making the stock its 9th largest position. Perella Weinberg Partners Capital Management LP owned approximately 0.49% of WPX Energy worth $41,369,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of WPX. Hartford Financial Management Inc. acquired a new stake in WPX Energy in the second quarter worth $108,000. Qube Research & Technologies Ltd acquired a new stake in WPX Energy in the second quarter worth $108,000. SeaBridge Investment Advisors LLC acquired a new stake in WPX Energy in the second quarter worth $177,000. Usca Ria LLC acquired a new stake in WPX Energy in the second quarter worth $186,000. Finally, Cubist Systematic Strategies LLC raised its holdings in WPX Energy by 132.5% in the first quarter. Cubist Systematic Strategies LLC now owns 13,219 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 7,534 shares during the period. Institutional investors own 93.91% of the company’s stock.
Several equities research analysts have weighed in on the stock. Bank of America increased their target price on shares of WPX Energy from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Jefferies Financial Group began coverage on shares of WPX Energy in a report on Friday, September 28th. They issued a “buy” rating and a $28.00 target price on the stock. ValuEngine upgraded shares of WPX Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Seaport Global Securities set a $28.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Finally, Scotiabank restated a “buy” rating and set a $26.00 price objective on shares of WPX Energy in a report on Thursday, September 27th. Three research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. WPX Energy has an average rating of “Buy” and a consensus price target of $22.96.
WPX Energy stock opened at $16.22 on Friday. The firm has a market capitalization of $6.58 billion, a P/E ratio of -38.62 and a beta of 2.33. WPX Energy Inc has a 1-year low of $11.58 and a 1-year high of $20.80. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.58.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $484.00 million during the quarter, compared to the consensus estimate of $514.08 million. WPX Energy had a negative net margin of 30.02% and a negative return on equity of 0.97%. The firm’s revenue for the quarter was up 233.8% on a year-over-year basis. During the same period last year, the business posted ($0.10) EPS. On average, research analysts anticipate that WPX Energy Inc will post 0.22 earnings per share for the current year.
WPX Energy Profile
WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.
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