Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of WPX Energy, Inc. (NYSE:WPX) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 58,027 shares of the oil and gas producer’s stock after buying an additional 134 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in WPX Energy were worth $561,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in WPX Energy by 20.4% during the first quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock worth $443,761,000 after acquiring an additional 5,610,066 shares during the period. BlackRock Inc. increased its position in WPX Energy by 13,729.5% during the first quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock worth $431,192,000 after acquiring an additional 31,969,595 shares during the period. State Street Corp increased its position in WPX Energy by 13.4% during the first quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock worth $179,682,000 after acquiring an additional 1,586,531 shares during the period. Jennison Associates LLC increased its position in WPX Energy by 31.2% during the second quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock worth $106,212,000 after acquiring an additional 2,611,802 shares during the period. Finally, FMR LLC increased its position in WPX Energy by 4.9% during the first quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock worth $135,857,000 after acquiring an additional 476,820 shares during the period. 97.61% of the stock is currently owned by institutional investors and hedge funds.
WPX has been the topic of a number of recent research reports. Scotiabank reaffirmed a “buy” rating and set a $20.00 price target on shares of WPX Energy in a research report on Tuesday, June 13th. Robert W. Baird set a $16.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, June 14th. BMO Capital Markets reissued a “buy” rating and issued a $17.00 target price on shares of WPX Energy in a report on Thursday, June 22nd. Northland Securities set a $20.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Stifel Nicolaus set a $18.00 target price on shares of WPX Energy and gave the company a “buy” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. WPX Energy currently has an average rating of “Buy” and a consensus price target of $15.62.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the transaction, the insider now directly owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.
Shares of WPX Energy, Inc. (NYSE WPX) opened at 10.74 on Wednesday. The firm’s market capitalization is $4.27 billion. WPX Energy, Inc. has a 52-week low of $8.39 and a 52-week high of $16.17. The company’s 50-day moving average is $10.07 and its 200 day moving average is $11.03.
WPX Energy (NYSE:WPX) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS 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 business had revenue of $413.00 million for the quarter, compared to analysts’ expectations of $301.78 million. During the same period last year, the business earned ($0.28) earnings per share. The business’s quarterly revenue was up 199.3% on a year-over-year basis. Analysts expect that WPX Energy, Inc. will post ($0.51) EPS for the current fiscal year.
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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