Cipher Capital LP trimmed its stake in WPX Energy, Inc. (NYSE:WPX) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,688 shares of the oil and gas producer’s stock after selling 17,394 shares during the period. Cipher Capital LP’s holdings in WPX Energy were worth $1,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of WPX Energy by 2.5% in the 2nd quarter. Swiss National Bank now owns 660,200 shares of the oil and gas producer’s stock worth $6,378,000 after acquiring an additional 16,000 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of WPX Energy by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,680,896 shares of the oil and gas producer’s stock worth $16,237,000 after acquiring an additional 60,857 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WPX Energy by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after acquiring an additional 1,540 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of WPX Energy by 127.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,132,769 shares of the oil and gas producer’s stock worth $20,603,000 after acquiring an additional 1,193,399 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of WPX Energy by 12.0% in the 2nd quarter. Pacer Advisors Inc. now owns 53,320 shares of the oil and gas producer’s stock worth $515,000 after acquiring an additional 5,692 shares in the last quarter. 97.61% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently commented on the company. BMO Capital Markets boosted their price target on WPX Energy from $12.00 to $13.00 and gave the stock a “no rating at time” rating in a research report on Friday, July 14th. ValuEngine raised WPX Energy from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Seaport Global Securities lowered WPX Energy from a “buy” rating to a “sell” rating and reduced their price target for the stock from $17.00 to $6.50 in a research report on Wednesday, June 21st. Cowen and Company raised WPX Energy from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $15.00 to $14.00 in a research report on Thursday, June 22nd. Finally, Scotiabank reissued a “buy” rating and issued a $19.00 price target on shares of WPX Energy in a research report on Friday, June 30th. Two equities 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 company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.90.

WPX Energy, Inc. (WPX) opened at 10.39 on Thursday. The firm’s market capitalization is $4.13 billion. The stock has a 50 day moving average price of $10.13 and a 200-day moving average price of $11.21. WPX Energy, Inc. has a one year low of $8.39 and a one year high of $16.17.

WPX Energy (NYSE:WPX) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.02. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The business had revenue of $413 million for the quarter, compared to analysts’ expectations of $301.78 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. The business’s revenue was up 199.3% compared to the same quarter last year. On average, analysts predict that WPX Energy, Inc. will post ($0.52) earnings per share for the current fiscal year.

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.

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

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