King Luther Capital Management Corp Lowers Stake in WPX Energy, Inc. (WPX)

King Luther Capital Management Corp cut its stake in shares of WPX Energy, Inc. (NYSE:WPX) by 14.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 862,220 shares of the oil and gas producer’s stock after selling 141,200 shares during the period. King Luther Capital Management Corp owned 0.22% of WPX Energy worth $9,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitchell Group Inc. lifted its holdings in shares of 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 valued at $20,129,000 after acquiring an additional 271,120 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of 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 valued at $5,635,000 after acquiring an additional 203,941 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of WPX Energy by 23.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 215,811 shares of the oil and gas producer’s stock valued at $2,085,000 after acquiring an additional 40,522 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of 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 valued at $628,000 after acquiring an additional 264 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of WPX Energy by 0.9% during the 2nd quarter. Comerica Bank now owns 367,384 shares of the oil and gas producer’s stock valued at $3,751,000 after acquiring an additional 3,419 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on WPX shares. Zacks Investment Research upgraded shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Thursday, October 12th. BMO Capital Markets set a $14.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. Stifel Nicolaus set a $18.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Bank of America initiated coverage on shares of WPX Energy in a report on Monday, October 16th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $15.92.

Shares of WPX Energy, Inc. (WPX) traded down $0.09 during trading on Wednesday, hitting $12.99. 5,384,300 shares of the stock were exchanged, compared to its average volume of 7,391,424. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. WPX Energy, Inc. has a 1-year low of $8.39 and a 1-year high of $15.91.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.17) EPS. sell-side analysts forecast that WPX Energy, Inc. will post -0.46 earnings per share for the current year.

In other news, insider Clay M. Gaspar sold 35,000 shares of the company’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 sale, the insider now owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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

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