WPX Energy, Inc. (WPX) Holdings Increased by Federated Investors Inc. PA
Federated Investors Inc. PA boosted its position in WPX Energy, Inc. (NYSE:WPX) by 99.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 400,668 shares of the oil and gas producer’s stock after acquiring an additional 199,676 shares during the period. Federated Investors Inc. PA owned about 0.10% of WPX Energy worth $3,870,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in WPX. Meadow Creek Investment Management LLC grew its stake in WPX Energy by 32.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 10,816 shares of the oil and gas producer’s stock worth $145,000 after acquiring an additional 2,640 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in WPX Energy by 32.5% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 11,890 shares of the oil and gas producer’s stock worth $159,000 after acquiring an additional 2,915 shares during the period. Cadence Capital Management LLC grew its stake in WPX Energy by 14.3% in the 1st quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock worth $166,000 after acquiring an additional 1,544 shares during the period. Loews Corp purchased a new stake in WPX Energy in the 1st quarter worth approximately $166,000. Finally, Stevens Capital Management LP purchased a new stake in WPX Energy in the 1st quarter worth approximately $171,000. 97.61% of the stock is owned by hedge funds and other institutional investors.
Shares of WPX Energy, Inc. (WPX) opened at 10.01 on Monday. The company’s 50-day moving average is $10.10 and its 200-day moving average is $11.30. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17. The stock’s market capitalization is $3.98 billion.
WPX Energy (NYSE:WPX) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 quarter in the prior year, the business posted ($0.28) EPS. WPX Energy’s quarterly revenue was up 199.3% on a year-over-year basis. Equities research analysts expect that WPX Energy, Inc. will post ($0.52) earnings per share for the current fiscal year.
Several research firms have commented on WPX. BMO Capital Markets lifted their target price on shares of WPX Energy from $12.00 to $13.00 and gave the stock a “no rating at time” rating in a research note on Friday, July 14th. ValuEngine raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Seaport Global Securities cut shares of WPX Energy from a “buy” rating to a “sell” rating and lowered their target price for the stock from $17.00 to $6.50 in a research note on Wednesday, June 21st. Cowen and Company raised shares of WPX Energy from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $15.00 to $14.00 in a research note on Thursday, June 22nd. Finally, Scotiabank reaffirmed a “buy” rating and issued a $19.00 target price on shares of WPX Energy in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. WPX Energy has a consensus rating of “Buy” and an average target price of $15.90.
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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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