Oregon Public Employees Retirement Fund raised its position in shares of WPX Energy, Inc. (NYSE:WPX) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,227 shares of the oil and gas producer’s stock after buying an additional 10,806 shares during the period. Oregon Public Employees Retirement Fund’s holdings in WPX Energy were worth $1,422,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in WPX. 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 worth $145,000 after buying an additional 2,640 shares during the period. 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 worth $159,000 after buying an additional 2,915 shares during the period. 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 worth $166,000 after buying an additional 1,544 shares during the period. Loews Corp acquired a new position in shares of WPX Energy during the first quarter worth about $166,000. Finally, Stevens Capital Management LP acquired a new position in shares of WPX Energy during the first quarter worth about $171,000. Hedge funds and other institutional investors own 95.03% of the company’s stock.
Shares of WPX Energy, Inc. (NYSE WPX) opened at 10.16 on Friday. The company’s 50 day moving average price is $10.00 and its 200-day moving average price is $11.72. WPX Energy, Inc. has a 12 month low of $8.40 and a 12 month high of $16.17. The firm’s market capitalization is $4.04 billion.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The firm had revenue of $413 million for the quarter, compared to the consensus estimate of $301.78 million. During the same period in the prior year, the business posted ($0.28) earnings per share. The firm’s revenue for the quarter was up 199.3% compared to the same quarter last year. On average, equities analysts predict that WPX Energy, Inc. will post ($0.53) earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on WPX Energy from $12.00 to $13.00 and gave the company a “no rating at time” rating in a research report on Friday, July 14th. ValuEngine upgraded WPX Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Seaport Global Securities lowered WPX Energy from a “buy” rating to a “sell” rating and decreased their price objective for the company from $17.00 to $6.50 in a report on Wednesday, June 21st. Cowen and Company upgraded WPX Energy from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $15.00 to $14.00 in a report on Thursday, June 22nd. Finally, Scotiabank restated a “buy” rating and issued a $19.00 price objective on shares of WPX Energy in a report on Friday, June 30th. Two 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 stock. The company currently has an average rating of “Buy” and an average target price of $15.95.
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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