Oaktree Capital Management LP Buys New Stake in WPX Energy Inc (WPXP)

Oaktree Capital Management LP bought a new stake in WPX Energy Inc (NYSE:WPXP) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 250,000 shares of the company’s stock, valued at approximately $13,339,000. Oaktree Capital Management LP owned approximately 5.21% of WPX Energy at the end of the most recent reporting period.

Shares of WPX Energy Inc (WPXP) traded down $2.75 on Thursday, reaching $55.75. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 40,289. WPX Energy Inc has a 1 year low of $42.50 and a 1 year high of $71.13.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be paid a $0.7813 dividend. The ex-dividend date is Thursday, January 11th. This represents a $3.13 dividend on an annualized basis and a dividend yield of 5.61%.

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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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