UBS Asset Management Americas Inc. lowered its position in shares of WPX Energy, Inc. (NYSE:WPX) by 7.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 303,282 shares of the oil and gas producer’s stock after selling 25,342 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.08% of WPX Energy worth $2,930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Advisors Inc. OK boosted its position in 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 valued at $100,000 after acquiring an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in WPX Energy by 0.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 65,020 shares of the oil and gas producer’s stock valued at $628,000 after acquiring an additional 264 shares during the last quarter. Robotti Robert boosted its position in WPX Energy by 0.9% during the second quarter. Robotti Robert now owns 52,750 shares of the oil and gas producer’s stock valued at $499,000 after acquiring an additional 450 shares during the last quarter. World Asset Management Inc boosted its position in WPX Energy by 2.8% during the second quarter. World Asset Management Inc now owns 25,120 shares of the oil and gas producer’s stock valued at $243,000 after acquiring an additional 683 shares during the last quarter. Finally, M&T Bank Corp boosted its position in WPX Energy by 5.0% during the first quarter. M&T Bank Corp now owns 19,161 shares of the oil and gas producer’s stock valued at $257,000 after acquiring an additional 912 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors and hedge funds.

WPX Energy (NYSE:WPX) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.02. The firm had revenue of $413.00 million for the quarter, compared to the consensus estimate of $301.78 million. WPX Energy had a negative net margin of 18.38% and a negative return on equity of 5.99%. The business’s revenue was up 199.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.28) earnings per share.

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WPX has been the topic of a number of research analyst reports. BMO Capital Markets set a $14.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Thursday. Stifel Nicolaus set a $17.00 price objective on shares of WPX Energy and gave the stock a “buy” rating in a research report on Thursday, October 5th. ValuEngine cut shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, BidaskClub cut shares of WPX Energy from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. WPX Energy currently has a consensus rating of “Buy” and a consensus target price of $15.48.

In other news, insider Clay M. Gaspar sold 35,000 shares of the company’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 value 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 legal filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

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

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