Public Employees Retirement System of Ohio lifted its holdings in WPX Energy, Inc. (NYSE:WPX) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,526 shares of the oil and gas producer’s stock after buying an additional 29,378 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of WPX Energy worth $3,666,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Capital Advisors Inc. OK boosted its position in shares of 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 worth $100,000 after buying an additional 200 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of WPX Energy in the second quarter worth $113,000. Financial Counselors Inc. boosted its position in shares of 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 worth $117,000 after buying an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 worth $134,000 after buying an additional 1,540 shares during the period. Finally, BlueMountain Capital Management LLC boosted its position in shares of WPX Energy by 39.3% in the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after buying an additional 4,097 shares during the period. 97.75% of the stock is owned by institutional investors and hedge funds.
WPX Energy, Inc. (WPX) opened at 10.91 on Friday. WPX Energy, Inc. has a 12-month low of $8.40 and a 12-month high of $16.17. The firm’s 50-day moving average price is $10.86 and its 200 day moving average price is $10.72. The company’s market capitalization is $4.34 billion.
WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $413.00 million during the quarter, compared to the consensus estimate of $301.78 million. During the same period in the prior year, the business posted ($0.28) EPS. The company’s quarterly revenue was up 199.3% on a year-over-year basis. On average, equities research analysts expect that WPX Energy, Inc. will post ($0.50) EPS for the current fiscal year.
WPX has been the subject of several recent analyst reports. Citigroup Inc. raised their target price on WPX Energy from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. BidaskClub cut WPX Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Northland Securities set a $20.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of WPX Energy in a research report on Thursday, August 24th. Finally, Stifel Nicolaus set a $18.00 target price on WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. WPX Energy currently has an average rating of “Buy” and a consensus price target of $15.61.
In other news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 506,326 shares in the company, valued at approximately $5,306,296.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
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WPX Energy 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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