Financial Partners Capital Management LLC increased its holdings in WPX Energy, Inc. (NYSE:WPX) by 42.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,987 shares of the oil and gas producer’s stock after acquiring an additional 9,900 shares during the period. Financial Partners Capital Management LLC’s holdings in WPX Energy were worth $319,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of WPX Energy by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 585,441 shares of the oil and gas producer’s stock valued at $5,655,000 after acquiring an additional 13,365 shares in the last quarter. Caxton Associates LP bought a new position in shares of WPX Energy in the second quarter valued at approximately $11,854,000. Kingdon Capital Management L.L.C. grew its holdings in shares of WPX Energy by 5.8% in the second quarter. Kingdon Capital Management L.L.C. now owns 2,606,185 shares of the oil and gas producer’s stock valued at $25,176,000 after acquiring an additional 143,182 shares in the last quarter. State Street Corp grew its holdings in shares of WPX Energy by 9.5% in 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 in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in shares of WPX Energy by 68.2% in the second quarter. Flinton Capital Management LLC now owns 38,658 shares of the oil and gas producer’s stock valued at $374,000 after acquiring an additional 15,674 shares in the last quarter. 97.73% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $17.00 target price on WPX Energy and gave the company a “buy” rating in a report on Thursday, October 5th. Seaport Global Securities reaffirmed a “sell” rating and issued a $8.00 target price (up from $7.00) on shares of WPX Energy in a report on Monday. Piper Jaffray Companies reduced their target price on WPX Energy from $15.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Barclays PLC set a $10.00 target price on WPX Energy and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Imperial Capital assumed coverage on WPX Energy in a report on Tuesday, July 18th. They issued an “outperform” rating and a $18.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. WPX Energy presently has an average rating of “Buy” and an average target price of $15.61.
WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business had revenue of $413.00 million during the quarter, compared to the consensus estimate of $301.78 million. During the same quarter in the previous year, the firm posted ($0.28) EPS. The firm’s revenue was up 199.3% on a year-over-year basis. Equities research analysts forecast that WPX Energy, Inc. will post ($0.50) EPS for the current year.
In other news, insider Clay M. Gaspar sold 35,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
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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