Russell Investments Group Ltd. Has $8.05 Million Stake in WPX Energy Inc (WPX)

Russell Investments Group Ltd. lifted its stake in shares of WPX Energy Inc (NYSE:WPX) by 2,737.7% in the 3rd quarter, Holdings Channel reports. The firm owned 400,026 shares of the oil and gas producer’s stock after buying an additional 385,929 shares during the quarter. Russell Investments Group Ltd.’s holdings in WPX Energy were worth $8,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. acquired a new stake in WPX Energy in the second quarter valued at $108,000. Qube Research & Technologies Ltd acquired a new stake in WPX Energy in the second quarter valued at $108,000. SeaBridge Investment Advisors LLC acquired a new stake in WPX Energy in the second quarter valued at $177,000. Usca Ria LLC acquired a new stake in WPX Energy in the second quarter valued at $186,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in WPX Energy in the second quarter valued at $206,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

WPX opened at $14.32 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.57. The firm has a market cap of $6.02 billion, a P/E ratio of -34.10 and a beta of 2.34. WPX Energy Inc has a 52 week low of $11.91 and a 52 week high of $20.80.

WPX Energy (NYSE:WPX) last posted its quarterly earnings data on Wednesday, October 31st. The oil and gas producer reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $484.00 million for the quarter, compared to analyst estimates of $514.08 million. WPX Energy had a negative net margin of 15.79% and a positive return on equity of 0.76%. The firm’s revenue was up 233.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.10) EPS. Equities analysts predict that WPX Energy Inc will post 0.19 earnings per share for the current fiscal year.

WPX has been the topic of several research reports. BMO Capital Markets reissued a “buy” rating and issued a $25.00 target price on shares of WPX Energy in a report on Thursday, October 11th. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 target price on shares of WPX Energy in a report on Thursday, August 30th. Piper Jaffray Companies reissued a “buy” rating and issued a $22.00 target price on shares of WPX Energy in a report on Thursday, August 30th. ValuEngine lowered WPX Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Northland Securities set a $26.00 target price on WPX Energy and gave the company a “buy” rating in a report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.00.

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WPX Energy Profile

WPX Energy, Inc, an independent oil and natural gas exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company's principal areas of operation include the Delaware Basin in Texas and New Mexico; the Williston Basin in North Dakota; and the San Juan Basin in New Mexico and Colorado.

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

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