Oppenheimer & Co. Inc. Acquires 8,410 Shares of WPX Energy, Inc. (WPX)
Oppenheimer & Co. Inc. boosted its holdings in shares of WPX Energy, Inc. (NYSE:WPX) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 920,102 shares of the oil and gas producer’s stock after purchasing an additional 8,410 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.23% of WPX Energy worth $10,581,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in WPX. Capital Advisors Inc. OK raised its stake in shares of WPX Energy by 2.0% in 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 period. Ontario Teachers Pension Plan Board purchased a new stake in shares of WPX Energy in the second quarter valued at $113,000. Financial Counselors Inc. raised its stake in shares of 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 valued at $117,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 valued at $134,000 after acquiring an additional 1,540 shares during the period. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of WPX Energy in the third quarter valued at $137,000. 97.64% of the stock is currently owned by institutional investors.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $10.48, for a total transaction of $366,800.00. Following the transaction, the insider now directly owns 506,326 shares in the company, valued at approximately $5,306,296.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.
WPX has been the topic of several recent analyst reports. BMO Capital Markets set a $13.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Monday, August 28th. BidaskClub raised shares of WPX Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Stifel Nicolaus set a $19.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Thursday, October 26th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of WPX Energy in a research note on Thursday, August 24th. Finally, Bank of America Corporation initiated coverage on shares of WPX Energy in a research note on Monday, October 16th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eighteen have issued a buy rating to the stock. WPX Energy presently has a consensus rating of “Buy” and a consensus price target of $15.98.
WPX Energy, Inc. (WPX) traded up $0.26 during midday trading on Thursday, hitting $12.52. 4,274,900 shares of the stock were exchanged, compared to its average volume of 7,455,044. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.73. WPX Energy, Inc. has a 12-month low of $8.39 and a 12-month high of $16.17.
WPX Energy (NYSE:WPX) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $334.38 million. WPX Energy had a negative net margin of 12.65% and a negative return on equity of 5.20%. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.17) earnings per share. equities research analysts anticipate that WPX Energy, Inc. will post -0.47 earnings per share for the current year.
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WPX Energy 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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