WPX Energy, Inc. (WPX) Stake Increased by Financial Counselors Inc.
Financial Counselors Inc. increased its position in shares of WPX Energy, Inc. (NYSE:WPX) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,111 shares of the oil and gas producer’s stock after purchasing an additional 1,000 shares during the period. Financial Counselors Inc.’s holdings in WPX Energy were worth $117,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of WPX Energy by 20.4% during the 1st quarter. Vanguard Group Inc. now owns 33,141,235 shares of the oil and gas producer’s stock valued at $443,761,000 after purchasing an additional 5,610,066 shares during the period. BlackRock Inc. raised its position in shares of WPX Energy by 13,729.5% during the 1st quarter. BlackRock Inc. now owns 32,202,448 shares of the oil and gas producer’s stock valued at $431,192,000 after purchasing an additional 31,969,595 shares during the period. State Street Corp raised its position in shares of WPX Energy by 13.4% during the 1st quarter. State Street Corp now owns 13,419,044 shares of the oil and gas producer’s stock valued at $179,682,000 after purchasing an additional 1,586,531 shares during the period. Jennison Associates LLC raised its position in shares of WPX Energy by 31.2% during the 2nd quarter. Jennison Associates LLC now owns 10,995,002 shares of the oil and gas producer’s stock valued at $106,212,000 after purchasing an additional 2,611,802 shares during the period. Finally, FMR LLC raised its position in shares of WPX Energy by 4.9% during the 1st quarter. FMR LLC now owns 10,146,141 shares of the oil and gas producer’s stock valued at $135,857,000 after purchasing an additional 476,820 shares during the period. Hedge funds and other institutional investors own 97.61% of the company’s stock.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the sale, the insider now owns 506,326 shares of the company’s stock, valued at $5,306,296.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.
Several analysts have recently commented on the stock. BMO Capital Markets set a $13.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday, August 28th. BidaskClub upgraded shares of WPX Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. J P Morgan Chase & Co restated an “overweight” rating and set a $17.00 price objective (up from $16.00) on shares of WPX Energy in a research report on Thursday, August 24th. Northland Securities set a $20.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Monday, August 21st. Finally, Stifel Nicolaus set a $18.00 price objective on shares of WPX Energy and gave the company a “buy” rating in a research report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.80.
WPX Energy, Inc. (NYSE:WPX) opened at 10.57 on Friday. The company’s market cap is $4.21 billion. WPX Energy, Inc. has a 1-year low of $8.40 and a 1-year high of $16.17. The company’s 50 day moving average is $10.08 and its 200 day moving average is $11.09.
WPX Energy (NYSE:WPX) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 $413.00 million for the quarter, compared to analysts’ expectations of $301.78 million. During the same quarter last year, the company earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 199.3% on a year-over-year basis. Equities research analysts forecast that WPX Energy, Inc. will post ($0.51) EPS for the current year.
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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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