Wsfs Capital Management LLC Purchases New Stake in WPX Energy, Inc. (WPX)

Wsfs Capital Management LLC purchased a new position in shares of WPX Energy, Inc. (NYSE:WPX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,650 shares of the oil and gas producer’s stock, valued at approximately $180,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitchell Group Inc. lifted its position in WPX Energy by 15.0% during the 2nd quarter. Mitchell Group Inc. now owns 2,083,700 shares of the oil and gas producer’s stock worth $20,129,000 after acquiring an additional 271,120 shares during the period. State Board of Administration of Florida Retirement System lifted its position in WPX Energy by 53.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 583,368 shares of the oil and gas producer’s stock worth $5,635,000 after acquiring an additional 203,941 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in WPX Energy by 14.1% during the 1st 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 acquiring an additional 22,290 shares during the period. Gagnon Advisors LLC lifted its position in WPX Energy by 87.1% during the 2nd quarter. Gagnon Advisors LLC now owns 368,416 shares of the oil and gas producer’s stock worth $3,559,000 after acquiring an additional 171,487 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in WPX Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock worth $628,000 after acquiring an additional 264 shares during the period. 97.61% of the stock is owned by institutional investors.

In related news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $10.48, for a total value of $366,800.00. Following the completion of the sale, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

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A number of analysts have commented on WPX shares. BidaskClub cut WPX Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 20th. 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. Northland Securities set a $20.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Monday, August 21st. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $17.00 price target (up previously from $16.00) on shares of WPX Energy in a research report on Thursday, August 24th. Finally, Stifel Nicolaus set a $18.00 price target on WPX Energy and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, four 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 $15.62.

Shares of WPX Energy, Inc. (NYSE WPX) traded up 2.61% during trading on Wednesday, hitting $11.02. The company had a trading volume of 2,750,998 shares. 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 $4.38 billion. The stock’s 50-day moving average is $10.07 and its 200 day moving average is $11.03.

WPX Energy (NYSE:WPX) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The firm’s revenue was up 199.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.28) earnings per share. Equities research analysts predict that WPX Energy, Inc. will post ($0.51) earnings per share 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.

Institutional Ownership by Quarter for WPX Energy (NYSE:WPX)

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