Gagnon Advisors LLC Has $3.56 Million Stake in WPX Energy, Inc. (WPX)

Gagnon Advisors LLC raised its stake in WPX Energy, Inc. (NYSE:WPX) by 87.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 368,416 shares of the oil and gas producer’s stock after buying an additional 171,487 shares during the period. WPX Energy comprises 3.1% of Gagnon Advisors LLC’s portfolio, making the stock its 16th largest position. Gagnon Advisors LLC owned about 0.09% of WPX Energy worth $3,559,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of WPX Energy by 20.4% in the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after buying an additional 5,610,066 shares during the last quarter. BlackRock Inc. boosted its stake in shares of WPX Energy by 13,729.5% in the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after buying an additional 31,969,595 shares during the last quarter. State Street Corp boosted its stake in shares of WPX Energy by 13.4% in the first quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock valued at $179,682,000 after buying an additional 1,586,531 shares during the last quarter. FMR LLC boosted its stake in shares of WPX Energy by 4.9% in the first quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock valued at $135,857,000 after buying an additional 476,820 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of WPX Energy by 36.8% in the first quarter. Jennison Associates LLC now owns 8,383,200 shares of the oil and gas producer’s stock valued at $112,251,000 after buying an additional 2,255,271 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Shares of WPX Energy, Inc. (NYSE:WPX) traded up 0.19% during trading on Tuesday, reaching $10.80. The company had a trading volume of 4,762,957 shares. WPX Energy, Inc. has a 12-month low of $8.39 and a 12-month high of $16.17. The firm has a 50-day moving average of $9.78 and a 200-day moving average of $11.91. The company’s market cap is $4.29 billion.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The company had revenue of $461 million during the quarter, compared to analyst estimates of $254.24 million. WPX Energy had a negative net margin of 52.99% and a negative return on equity of 7.13%. On average, equities research analysts anticipate that WPX Energy, Inc. will post ($0.59) EPS for the current year.

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Several brokerages have issued reports on WPX. Imperial Capital began coverage on WPX Energy in a research note on Tuesday, July 18th. They set an “outperform” rating and a $18.00 price objective on the stock. Northland Securities set a $20.00 price objective on WPX Energy and gave the company a “buy” rating in a research note on Monday, July 17th. Citigroup Inc. cut their price objective on WPX Energy from $15.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 13th. Barclays PLC restated a “hold” rating and set a $8.00 price objective on shares of WPX Energy in a research note on Friday, July 7th. Finally, BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of WPX Energy in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. WPX Energy has an average rating of “Buy” and an average price target of $15.86.

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.