Stevens Capital Management LP decreased its stake in shares of WPX Energy, Inc. (NYSE:WPX) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,068 shares of the oil and gas producer’s stock after selling 13,460 shares during the quarter. Stevens Capital Management LP’s holdings in WPX Energy were worth $978,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Crossmark Global Holdings Inc. purchased a new stake in WPX Energy during the 3rd quarter worth about $383,000. Aperio Group LLC increased its holdings in WPX Energy by 16.1% during the 3rd quarter. Aperio Group LLC now owns 82,752 shares of the oil and gas producer’s stock worth $952,000 after purchasing an additional 11,505 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in WPX Energy by 11.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,329,425 shares of the oil and gas producer’s stock worth $61,288,000 after purchasing an additional 555,225 shares during the period. First Trust Advisors LP increased its holdings in WPX Energy by 6.6% during the 3rd quarter. First Trust Advisors LP now owns 145,306 shares of the oil and gas producer’s stock worth $1,671,000 after purchasing an additional 9,045 shares during the period. Finally, Nationwide Fund Advisors increased its holdings in WPX Energy by 8.6% during the 3rd quarter. Nationwide Fund Advisors now owns 732,535 shares of the oil and gas producer’s stock worth $8,424,000 after purchasing an additional 58,159 shares during the period. Institutional investors own 98.76% of the company’s stock.
Several equities research analysts have weighed in on WPX shares. Stifel Nicolaus set a $19.00 price target on WPX Energy and gave the stock a “buy” rating in a report on Thursday, October 26th. BidaskClub upgraded WPX Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of WPX Energy in a report on Thursday, August 24th. SunTrust Banks, Inc. set a $14.00 price objective on WPX Energy and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Barclays PLC set a $10.00 price objective on WPX Energy and gave the company a “hold” rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. WPX Energy presently has an average rating of “Buy” and an average target price of $15.68.
WPX Energy, Inc. (WPX) opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.95. WPX Energy, Inc. has a 12 month low of $8.39 and a 12 month high of $16.17.
WPX Energy (NYSE:WPX) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. WPX Energy had a negative return on equity of 5.20% and a negative net margin of 12.65%. The firm had revenue of $224.00 million for the quarter, compared to the consensus estimate of $334.38 million. During the same quarter last year, the business posted ($0.17) EPS. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. analysts predict that WPX Energy, Inc. will post -0.48 earnings per share for the current year.
In other WPX Energy news, insider Clay M. Gaspar sold 35,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $10.48, for a total transaction of $366,800.00. Following the completion of the sale, the insider now directly owns 506,326 shares of the company’s stock, valued at approximately $5,306,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding WPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WPX Energy, Inc. (NYSE:WPX).
Receive News & Ratings for WPX Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WPX Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.