Stevens Capital Management LP Purchases 85,762 Shares of WPX Energy, Inc. (WPX)
Stevens Capital Management LP lifted its position in shares of WPX Energy, Inc. (NYSE:WPX) by 671.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 98,528 shares of the oil and gas producer’s stock after acquiring an additional 85,762 shares during the period. Stevens Capital Management LP’s holdings in WPX Energy were worth $952,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK grew its position in shares of WPX Energy by 2.0% during the second quarter. Capital Advisors Inc. OK now owns 10,337 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 200 shares during the last quarter. Financial Counselors Inc. lifted its holdings in WPX Energy by 9.0% in the second quarter. Financial Counselors Inc. now owns 12,111 shares of the oil and gas producer’s stock worth $117,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in WPX Energy by 12.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,857 shares of the oil and gas producer’s stock worth $134,000 after purchasing an additional 1,540 shares during the period. BlueMountain Capital Management LLC lifted its holdings in WPX Energy by 39.3% in the second quarter. BlueMountain Capital Management LLC now owns 14,532 shares of the oil and gas producer’s stock worth $140,000 after purchasing an additional 4,097 shares during the period. Finally, Meadow Creek Investment Management LLC lifted its holdings in WPX Energy by 32.3% in the first 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. Institutional investors and hedge funds own 97.73% 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 dated Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the transaction, the insider now owns 506,326 shares in the company, valued at $5,306,296.48. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.40% of the stock is currently owned by company insiders.
WPX has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of WPX Energy in a report on Thursday, June 1st. They issued an “outperform” rating and a $18.00 price objective for the company. ValuEngine downgraded shares of WPX Energy from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Scotiabank reaffirmed a “buy” rating and issued a $20.00 price objective on shares of WPX Energy in a report on Tuesday, June 13th. Wolfe Research initiated coverage on shares of WPX Energy in a report on Thursday, June 15th. They issued an “outperform” rating and a $13.50 price objective for the company. Finally, Robert W. Baird set a $16.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $15.62.
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Shares of WPX Energy, Inc. (WPX) opened at 11.21 on Monday. WPX Energy, Inc. has a one year low of $8.39 and a one year high of $16.17. The firm’s market capitalization is $4.46 billion. The firm has a 50-day moving average of $10.07 and a 200-day moving average of $11.03.
WPX Energy (NYSE:WPX) last announced its quarterly earnings data 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. The firm had revenue of $413.00 million during 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 period last year, the company earned ($0.28) earnings per share. On average, equities analysts predict that WPX Energy, Inc. will post ($0.51) 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.
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