Retirement Systems of Alabama boosted its position in WPX Energy, Inc. (NYSE:WPX) by 0.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 512,573 shares of the oil and gas producer’s stock after buying an additional 917 shares during the period. Retirement Systems of Alabama owned 0.13% of WPX Energy worth $4,951,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted 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 in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of WPX Energy by 14.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 180,480 shares of the oil and gas producer’s stock worth $2,417,000 after buying an additional 22,290 shares in the last quarter. Gagnon Advisors LLC boosted its position in shares of WPX Energy by 87.1% in the second quarter. Gagnon Advisors LLC now owns 368,416 shares of the oil and gas producer’s stock worth $3,559,000 after buying an additional 171,487 shares in the last quarter. Utah Retirement Systems boosted its position in shares of WPX Energy by 15.7% in the first quarter. Utah Retirement Systems now owns 70,161 shares of the oil and gas producer’s stock worth $939,000 after buying an additional 9,500 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of WPX Energy during the first quarter worth $199,000. 96.03% of the stock is currently owned by institutional investors.
Shares of WPX Energy, Inc. (NYSE:WPX) opened at 9.75 on Friday. WPX Energy, Inc. has a 52 week low of $8.39 and a 52 week high of $16.17. The firm’s market capitalization is $3.88 billion. The firm has a 50-day moving average of $10.05 and a 200 day moving average of $11.57.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The company had revenue of $413 million for the quarter, compared to analyst estimates of $301.78 million. During the same period last year, the firm earned ($0.28) earnings per share. The firm’s revenue was up 199.3% on a year-over-year basis. On average, equities analysts predict that WPX Energy, Inc. will post ($0.53) earnings per share for the current fiscal year.
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WPX has been the topic of a number of recent analyst reports. Scotiabank reissued a “buy” rating and set a $19.00 price target on shares of WPX Energy in a research report on Friday, June 30th. BMO Capital Markets reissued a “buy” rating and set a $17.00 price target on shares of WPX Energy in a research report on Thursday, June 22nd. ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Credit Suisse Group initiated coverage on shares of WPX Energy in a research report on Thursday, June 1st. They set an “outperform” rating and a $18.00 price target on the stock. Finally, BidaskClub cut shares of WPX Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.81.
WPX Energy Company Profile
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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