Prudential Financial Inc. Decreases Stake in WPX Energy, Inc. (WPX)
Prudential Financial Inc. lowered its position in shares of WPX Energy, Inc. (NYSE:WPX) by 21.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 970,062 shares of the oil and gas producer’s stock after selling 266,900 shares during the quarter. Prudential Financial Inc. owned about 0.24% of WPX Energy worth $9,371,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Meadow Creek Investment Management LLC grew its holdings in shares of WPX Energy by 32.3% during 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 purchasing an additional 2,640 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in shares of WPX Energy by 32.5% during 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 purchasing an additional 2,915 shares during the period. Cadence Capital Management LLC grew its holdings in shares of WPX Energy by 14.3% during the 1st quarter. Cadence Capital Management LLC now owns 12,365 shares of the oil and gas producer’s stock worth $166,000 after purchasing an additional 1,544 shares during the period. Loews Corp purchased a new stake in shares of WPX Energy during the 1st quarter worth about $166,000. Finally, Stevens Capital Management LP purchased a new stake in shares of WPX Energy during the 1st quarter worth about $171,000. Institutional investors and hedge funds own 97.61% of the company’s stock.
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WPX Energy, Inc. (NYSE:WPX) opened at 9.97 on Wednesday. The firm has a 50 day moving average price of $10.10 and a 200-day moving average price of $11.13. The firm’s market capitalization is $3.97 billion. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to analyst estimates of $301.78 million. WPX Energy had a negative return on equity of 5.99% and a negative net margin of 18.38%. The company’s revenue was up 199.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.28) EPS. On average, equities analysts forecast that WPX Energy, Inc. will post ($0.51) EPS for the current year.
A number of brokerages have recently issued reports on WPX. BMO Capital Markets set a $13.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Monday, August 28th. BidaskClub upgraded WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $17.00 target price (up previously from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. Northland Securities set a $20.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Monday, August 21st. Finally, Stifel Nicolaus set a $18.00 target price on WPX Energy and gave the stock a “buy” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.80.
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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