WPX Energy Inc (WPX) Position Raised by Sirios Capital Management L P

Sirios Capital Management L P increased its holdings in shares of WPX Energy Inc (NYSE:WPX) by 25.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 432,837 shares of the oil and gas producer’s stock after acquiring an additional 87,853 shares during the period. Sirios Capital Management L P’s holdings in WPX Energy were worth $8,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WPX. Hartford Financial Management Inc. acquired a new stake in WPX Energy in the second quarter valued at approximately $108,000. Qube Research & Technologies Ltd acquired a new stake in WPX Energy in the second quarter valued at approximately $108,000. DekaBank Deutsche Girozentrale grew its stake in WPX Energy by 321.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,237 shares of the oil and gas producer’s stock valued at $158,000 after acquiring an additional 6,281 shares during the period. Meeder Asset Management Inc. acquired a new stake in WPX Energy in the third quarter valued at approximately $159,000. Finally, Usca Ria LLC acquired a new stake in WPX Energy in the second quarter valued at approximately $186,000. 94.82% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:WPX traded up $0.92 during midday trading on Monday, reaching $14.87. 112,209 shares of the company traded hands, compared to its average volume of 6,161,482. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.47 and a current ratio of 0.51. WPX Energy Inc has a 12 month low of $11.91 and a 12 month high of $20.80. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of -35.48 and a beta of 2.41.

WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $514.08 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 233.8% compared to the same quarter last year. Equities analysts predict that WPX Energy Inc will post 0.17 EPS for the current fiscal year.

WPX has been the subject of a number of research reports. Cowen initiated coverage on WPX Energy in a research note on Thursday. They issued an “outperform” rating and a $19.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and set a $25.00 target price on shares of WPX Energy in a research report on Thursday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 target price on shares of WPX Energy in a research report on Thursday, August 30th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $22.00 target price on shares of WPX Energy in a research report on Thursday, August 30th. Finally, ValuEngine cut WPX Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. WPX Energy has a consensus rating of “Buy” and a consensus price target of $23.07.

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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.

Further Reading: Asset Allocation Models, Which is Right For You?

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Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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