Engineers Gate Manager LP bought a new stake in WPX Energy Inc (NYSE:WPX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,340 shares of the oil and gas producer’s stock, valued at approximately $544,000.

Other large investors also recently added to or reduced their stakes in the company. Mitchell Group Inc. lifted its stake in WPX Energy by 15.0% in the second quarter. Mitchell Group Inc. now owns 2,083,700 shares of the oil and gas producer’s stock valued at $20,129,000 after buying an additional 271,120 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in WPX Energy by 53.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 583,368 shares of the oil and gas producer’s stock valued at $5,635,000 after buying an additional 203,941 shares during the period. BNP Paribas Arbitrage SA lifted its stake in WPX Energy by 23.1% in the second quarter. BNP Paribas Arbitrage SA now owns 215,811 shares of the oil and gas producer’s stock valued at $2,085,000 after buying an additional 40,522 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in WPX Energy by 0.4% in 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 buying an additional 264 shares during the period. Finally, Comerica Bank lifted its stake in WPX Energy by 0.9% in the second quarter. Comerica Bank now owns 367,384 shares of the oil and gas producer’s stock valued at $3,751,000 after buying an additional 3,419 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on WPX shares. Northland Securities set a $20.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Monday, August 21st. Zacks Investment Research raised WPX Energy from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, October 12th. BMO Capital Markets set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Tuesday, October 10th. SunTrust Banks set a $14.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus set a $19.00 target price on WPX Energy and gave the company a “buy” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.61.

WPX Energy Inc (NYSE:WPX) traded up $0.11 during midday trading on Friday, hitting $12.60. The stock had a trading volume of 9,476,508 shares, compared to its average volume of 5,114,194. 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 52 week low of $8.39 and a 52 week high of $15.44.

WPX Energy (NYSE:WPX) last released 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 company had revenue of $224.00 million for the quarter, compared to analyst estimates of $334.38 million. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. WPX Energy’s revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. research analysts anticipate that WPX Energy Inc will post -0.46 earnings per share for the current fiscal year.

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About WPX Energy

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.

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

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