Eqis Capital Management Inc. boosted its position in WPX Energy, Inc. (NYSE:WPX) by 3.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,512 shares of the oil and gas producer’s stock after buying an additional 1,595 shares during the period. Eqis Capital Management Inc.’s holdings in WPX Energy were worth $449,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Credit Agricole S A purchased a new position in shares of WPX Energy during the fourth quarter valued at $122,000. Meadow Creek Investment Management LLC raised its position in shares of WPX Energy by 32.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock valued at $145,000 after buying an additional 2,640 shares during the period. Numeric Investors LLC purchased a new position in shares of WPX Energy during the fourth quarter valued at $152,000. Bronfman E.L. Rothschild L.P. raised its position in shares of WPX Energy by 32.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 2,915 shares during the period. Finally, Cadence Capital Management LLC raised its position in shares of WPX Energy by 14.3% in the first quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock valued at $166,000 after buying an additional 1,544 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.
WPX Energy, Inc. (NYSE:WPX) traded down 2.629% during trading on Wednesday, hitting $10.555. 5,810,537 shares of the stock traded hands. The firm has a 50-day moving average price of $9.80 and a 200 day moving average price of $11.89. The firm’s market cap is $4.20 billion. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.02. WPX Energy had a negative net margin of 52.99% and a negative return on equity of 7.13%. The firm had revenue of $461 million for the quarter, compared to the consensus estimate of $254.24 million. On average, equities analysts forecast that WPX Energy, Inc. will post ($0.59) EPS for the current fiscal year.
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A number of equities analysts have recently commented on WPX shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $17.00 price target on shares of WPX Energy in a report on Monday, May 15th. FBR & Co reaffirmed a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a report on Monday, April 17th. Stifel Nicolaus began coverage on WPX Energy in a research report on Wednesday, April 12th. They issued a “buy” rating and a $21.00 price objective on the stock. Scotiabank reiterated a “buy” rating and issued a $20.00 price objective on shares of WPX Energy in a research report on Tuesday, June 13th. Finally, Robert W. Baird set a $16.00 price objective on WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus 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.
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